AWS launches infrastructure region in Israel, set to invest $7.2B through 2037
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Amazon's (NASDAQ:AMZN) cloud computing unit, Amazon Web Services, said on Tuesday that it will launch an infrastructure region in Israel, with the plan resulting in an investment of up to $7.2B through 2037.
"The launch of the AWS Region in Israel provides customers with the ability to build the most advanced cloud technology-based applications and achieve the highest levels of security, availability, and resilience," said Prasad Kalyanaraman, vice president of Infrastructure Services at AWS, in a statement. "Israelâs strategy to promote technology innovation, along with its abundance of talent, has created a thriving global hub for entrepreneurs, e-governments, and multinational businesses."
The launch of the AWS Israel region, specifically in Tel Aviv, will allow customers, including the Israeli government, to "securely store data" in the country and provide them with lower latency for greater productivity. 
The Israeli government will run some of its applications on AWS, as well as other government workloads.
"The establishment of the Region will enable us to migrate substantial governmental workloads to the cloud, and we are confident that it will help us accelerate digital transformation in the public sector, leverage technology to drive innovation in the government, improve customer experience, and further the development of the technological ecosystem in Israel," Yali Rothenberg, accountant general of Israel, added. 
Amazon (AMZN) noted that the new AWS Region, which is now up to 32 regions across the world, is estimated to support an average of 7,700 full-time equivalent jobs annually.
Amazon (AMZN) is slated to report second-quarter results on August 3 after the close of trading.
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