Microsoft announces $1 billion investment plan in Poland

Henrietta Strickland
May 6, 2020

The plan covers the next seven years and focuses on teaching local people how to fully utilize the cloud.

In the last 30 years American investors have pumped 62.7 billion United States dollars into the Polish economy, with now around 1,500 companies operating in Poland with American investment, contributing over 300,000 jobs to the Polish economy.

The project is being touted as the "Polish Digital Valley", with the partnership agreement aimed at supporting public institutions and businesses in the country, from government, to health, to education and more.

In a statement released on Tuesday, the U.S. company said it had signed an agreement with Poland's Chmura Krajowa cloud provider to provide the services.

"Poland has the opportunity to be the digital heart of Europe", said Mark Loughran, general manager, Microsoft Poland, in a statement.

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"Another great global player chose Poland to locate its investment, worth as much as $ 1 billion, the largest in our region of Europe", Polish Prime Minister Mateusz Morawiecki said on Tuesday on his official Facebook page.

Crucially, Microsoft also aims to boost the digital competencies of an estimated 150,000 business employees and IT professionals, educators, students and citizens to support this digital transformation.

As Coronavirus restricts businesses to work-from-home arrangements, Microsoft's cloud services have been greatly in demand in recent months as evident in its quarterly earnings report last week that posted a 15% increase in sales that the company attributed primarily to its cloud business.

The new cloud datacenter region joins Microsoft's global footprint of cloud regions, now totaling 59 regions announced, with Microsoft Azure available in over 140 countries, and will provide companies local access to Microsoft's full set of cloud services, all built on a foundation of trust.

Other reports by Click Lancashire

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