Tech giant Amazon is planning an investment of about $7.2 billion by 2037 in Israel and has launched its Amazon Web Services (AWS) data centers, cloud platforms capable of sending applications running and storing data directly in the country’s infrastructure.

Israel, already known for having a large number of cutting-edge startups, will provide new opportunities for developers and other organizations, including the government, with this operation, dubbed “AWS Israel (Tel Aviv Region),” while customers will have the opportunity to leverage AWS technologies, such as machine learning (ML), artificial intelligence (AI) and data analytics, to improve the performance of their businesses. Amazon’s platforms is used by the likes of Netflix, General Electric, and Sony.

It is also estimated that the investment will generate more than 7,700 full-time jobs, helping to add about $13.9 billion to Israel’s GDP by 2037.

Photo Credits: Eurovaran, CC BY-SA 4.0