Business · Companies · 14 hrs ago

Amazon plans more than €16 billion in investment in Germany

Amazon plans more than €16 billion in investment in Germany

Amazon plans to invest more than €16 billion in Germany by 2027, in a package announced at a government investment summit in Berlin.

The money will support AWS cloud and AI infrastructure near Frankfurt, as well as research, logistics and other projects.

Amazon also plans a second research lab in Berlin focused on robotics and work between people and technology.

The investment includes Amazon Leo satellite internet, which aims to bring high-speed access to areas without internet; Amazon has agreed with Arianespace on 24 rocket launches.

Logistics sites will be modernised, and Amazon plans more than a dozen German productions for Prime Video.

The expansion builds on Amazon’s presence in Germany, where it employs more than 40,000 people and says its total investment since 2010 will exceed €100 billion.

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What people are saying

Katherina ReicheGermany’s economy and energy minister
This investment is a clear vote of confidence in Germany’s future.
via Habertürk
David ZapolskyAmazon global affairs and legal chief
Germany is one of Europe’s most attractive investment centres.
via Habertürk