Microsoft (MSFT) To Set Up $1 Billion Data Center Venture In Greece

By Annie Baker • Oct 6, 2020
  • Microsoft Corporation (NASDAQ: MSFT) announced it is building 3 data center sites in the greater Athens area of Greece through a $1 billion investment

Microsoft Corporation (NASDAQ: MSFT) announced it is building 3 data center sites in the greater Athens area of Greece through a $1 billion investment. The “GR for GRowth” initiative is a significant technology commitment to support the people, government, and businesses of all sizes in Greece with technology and resources to create new opportunities for growth.

And as part of the plan, Microsoft announced its intent to build new datacenters that will establish a Microsoft Cloud region in the country, adding Greece to the world’s largest cloud infrastructure footprint and delivering access to low-latency and enterprise-grade cloud services. In order to support citizens in both professional and personal ambitions, Microsoft also announced its plan to skill approximately 100,000 people in Greece in digital technologies by 2025.

Microsoft President Brad Smith made the announcement at the New Acropolis Museum along with Kyriakos Mitsotakis, Greece Prime Minister, and Theodosis Michalopoulos, General Manager of Microsoft Greece, Cyprus, and Malta.

Here is a promo video about the new initiative:

 

Key Quotes:

“Today’s commitment to the people and businesses of Greece will position the country among the digital leaders of Europe. A Microsoft datacenter region provides a competitive advantage to our digital economy. At the same time, it is a long-term investment and a vote of confidence in our country’s potential. The cloud is transforming every industry and sector. The investment in skilling 100,000 citizens will empower today and tomorrow’s Greek workforce.” 

— Prime Minister of Greece Kyriakos Mitsotakis.

“By a substantial margin, this is the largest investment Microsoft has made in Greece in the 28 years we have been operating here. In part, this reflects confidence that our world-leading datacenter technology can help enable innovation and growth across Greece’s economy. In addition, this large investment reflects our optimism about Greece’s future, its forward-leaning government, and the country’s ongoing economic recovery,” 

— Brad Smith, President, Microsoft.

“Microsoft has a rich 28-year history in Greece with a growing ecosystem of 3,000 partners and customers, including startups, enterprises and NGOs. Today, with plans for Microsoft’s first datacenter region in the country and the holistic ‘GR for GRowth’ plan, we are building on this work, leveling up our contribution to the country’s economy. Our commitment is to be a technology ally in driving growth, now and for the generations to come for our country.”

— Theodosis Michalopoulos, General Manager of Microsoft Greece Cyprus and Malta.