Posted on 10/20/22
| News Source: i24
Google Cloud region in Tel Aviv will contribute a cumulative $7.6 billion to Israel’s GDP
Google on Thursday activated a local cloud region for Israel, making cloud services available to the country's government and military.
The move is expected to contribute to Israel’s “digital security, and support compliance and residency requirements,” according to Google’s official statement issued on Wednesday.
“Today, we are excited to announce that the new Google Cloud region in Israel is open,” the statement added, noting that Israel “has long been a hub of technology innovation for startups and Google alike.”
“We’re excited to extend that innovation-first approach to other industries, accelerating digital transformation to help create new jobs and digital experiences that better serve users in Israel. According to recent research commissioned by Google, AlphaBeta Economics (part of Access Partnership) estimates that by 2030, the Google Cloud region in Tel Aviv will contribute a cumulative $7.6 billion to Israel’s GDP, and support the creation of 21,200 jobs in that year alone."