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Microsoft plans $1 billion data center investment in Greece

‘Greece has the sun and now it’s getting a cloud,’ said Greek Prime Minister

Microsoft plans to build three data centers in Greece, resulting in an investment of approximately $1 billion into the Greek economy. The country’s Prime Minister Kyriakos Mitsotakis, along with Microsoft, announced the news yesterday, adding that the agreement also includes digital-skills training programs for roughly 100,000 government and private sector workers.

Because Greece relies so heavily on tourism, its economy has been hit especially hard by the global pandemic, with unemployment climbing to 18.3% in June. Both parties are hoping that this latest investment will help get the country back on track.

“This significant investment is a reflection of our confidence in the Greek economy, in the Greek people and the Greek government,” said Microsoft President Brad Smith. “It’s not something we do often and it’s not something that we do lightly.”

The new data centers will bring with them Microsoft’s cloud services, including Microsoft Azure, Microsoft 365, Microsoft Dynamics 365 and Microsoft Power Platform, which Mitsotakis seemed particularly excited about, as he is hoping that by focusing the country’s recovery on developing its technology sector, tens of thousands of graduates who left during the crisis will return.

“We are starting to create the conditions for their return. The creation of a data center upgrades a country as an investment destination,” said Mitsotakis.

“Greece has the sun and now it’s getting a cloud,” he added.

Microsoft’s global footprint now totals 63 regions across the globe with Microsoft Azure in over 140 countries and one of the more recent additions include the February announcement of plans to open a new data center in Spain with help from Telefónica.

ABOUT AUTHOR

Catherine Sbeglia
Catherine is a Technology Editor for RCR Wireless News, Enterprise IoT Insights, and In-Building Technology. Before joining Arden Media, she served as an Associate Editor in Advantage Business Marketing's Manufacturing and Research & Development Groups. She studied English and Film & Media Studies at The University of Rochester. She currently lives in Madison, WI. Having already lived on both coasts, she thought she’d give the middle a try. So far, she likes it very much.

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