BERLIN (Reuters) -Alphabet's Google will invest a mid-single-digit billion amount in Germany, an industry source told Reuters on Tuesday. Google has already said it would be "investing billions in
Google Plans €5.5 Billion Investment in German Cloud Infrastructure
Google's Investment in Germany
BERLIN (Reuters) -Alphabet's Google will invest 5.5 billion euros ($6.41 billion) in Germany in the coming years in a push to expand its infrastructure and data centre capacity in Europe's largest economy, company and government officials said on Tuesday.
Details of the Investment
The plan includes a new data centre in Dietzenbach, close to Frankfurt, as well as the expansion of the U.S. company's site in the city of Hanau, also in the central German state of Hesse, Google and state officials said at a news conference in Berlin.
Economic Implications
Marianne Janik, vice president for Google Cloud Northern Europe, told Reuters that the investment would involve 100 people working in Dietzenbach and Hanau, respectively.
Government Response
Philipp Justus, Google's head in Germany, said the plan was likely to secure a total of 9,000 indirect jobs in the region.
"The economic multiplier effect of this investment will be considerable," he added.
Finance Minister Lars Klingbeil said Google's investment plan was a "truly important signal for Germany as a business location".
Klingbeil mentioned his government's creation of a huge off-budget infrastructure fund to boost Germany as a business location, but said no state subsidies would be forthcoming for the Google investment.
"The funds have been available for a few weeks now, and we are seeing considerable interest and demand. Our clear goal is to modernize our country and advance its economy," he said.
($1 = 0.8575 euros)
(Reporting by Christian Kraemer, Klaus Lauer and René Wagner; writing by Friederike Heine, editing by Thomas Seythal, Miranda Murray and Alexander Smith)
