Microsoft to invest $1 billion in building data centers in Greece

Microsoft has announced plans to build three data centers in Athens, providing a much-needed investment of up to $ 1 billion to the Greek economy that has been hit by the pandemic.

This is reported by "European truth" with reference to AP.

The news was announced on Monday by the us tech giant and Greek Prime Minister Kyriakos Mitsotakis.

It was preceded by nine months of confidential negotiations on the agreement, which also includes digital skills training programs for approximately 100,000 public and private sector employees, as well as teachers and students.

"This significant investment is a reflection of our confidence in the Greek economy, the Greek people and the Greek government," Microsoft President brad Smith said at a ceremony held at the Acropolis Museum in Central Athens.

"It's not something we do often, and it's not something we do easily," he added.

Greece recently emerged from a multi-year financial crisis, but its economy has been hit hard by the pandemic.

The COVID-19 pandemic has revealed the country's heavy dependence on tourism. The Mitsotakis government says it wants to rebalance the Greek economy during its recovery by developing the energy, technology and defense sectors, hoping to lure back tens of thousands of graduates who left the country during the crisis.

"We are starting to create conditions for their return," Mitsotakis said. "The creation of data centers increases the attractiveness of the country for investment... Greece has the sun, and now it gets a cloud," he added.

Microsoft currently has data centers in 26 countries, including seven in the European Union. The company, based in Redmond, Washington, is already working with the Greek government on an augmented reality project in ancient Olympia, the home of the Olympic games.