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Amazon to invest GBP8 bil in UK, continuing AWS expansion

Bloomberg
Bloomberg • 2 min read
Amazon to invest GBP8 bil in UK, continuing AWS expansion
Amazon has announced similar long-term projects in Germany, Mexico, the US, Saudi Arabia and Singapore this year. Photo: Bloomberg
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Amazon.com Inc. said it would spend GBP8 billion ($13.65 billion) in the UK to grow its cloud business, adding to a string of recent expansion moves in Europe and giving Britain’s new Labour government a welcome investment boost.

The five-year investment by Amazon Web Services in data centers will support up to 14,000 jobs and contribute GBP14 billion to UK GDP between 2024 and 2028, Britain’s Treasury said in an e-mailed statement. 

Amazon has committed tens of billions of dollars for expanding AWS globally, announcing similar long-term projects in Germany, Mexico, the US, Saudi Arabia and Singapore this year. AWS, the world’s largest provider of cloud computing services and data storage via massive server farms, is facing increasing competition from rivals like Microsoft, which is mounting its own global expansion.

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