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Amazon's $5.3 Billion Saudi Arabia Bet Is Turning Heads on Wall Street
Source: 247wallst.com
Technology & InnovationCompany FundamentalsInfrastructure & Defense
Amazon disclosed that its first AWS Cloud Infrastructure Region in Saudi Arabia will involve more than $5.3B (19.88B Saudi riyal) in planned infrastructure investment. While not an immediate earnings catalyst, the commitment supports a longer-term expansion in the MEA cloud market and signals continued capex scaling for AWS.
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