Athens: Microsoft Corp. MSFT.O is to build a new data centre in Greece as it invests in cloud services infrastructure in the country, a boon to an economy weakened by a decade-long debt crisis and the coronavirus pandemic.
Microsoft President Brad Smith said at a virtual event in Athens on Monday that the new data center will benefit businesses, consumers and banks.
No investment scale was disclosed.
“We are investing today in research and technology in Greece,” Smith said through a translator. “There will be benefits for Greece given our commitment to training for thousands of people.”
Separately, Greek Prime Minister Kyriakos Mitsotakis said the data centre would bring long-term financial benefits of 1.0 billion euros ($1.17 billion) to Greece.
“Greece will become a world hub for cloud,” Mitsotakis said, adding that the state-of-the-art centre would also upgrade the country as an investment destination.
He said the project will include a digital skills training program for approximately 100,000 people.