As demand rises in Germany, Europe’s largest economy, Amazon announced a 10 billion euro ($10.75 billion) investment on Wednesday.
This investment underscores Amazon’s commitment to expanding its presence and capabilities in the region.
Amazon, a leading US technology and retail business, aims to leverage this significant investment to enhance its infrastructure and better serve its growing customer base in Germany.
Olaf Scholz, the chancellor of Germany, applauded the investment, saying it highlights the nation’s appeal to foreign investors and would generate over 4,000 new employment this year.
Berlin is experiencing a downturn in the economy brought on by high energy and interest rates, as well as underinvestment brought on partly by bureaucracy.
The announcement brings the total amount of Amazon’s planned investments in Germany to 17.8 billion euros.
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