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Photo = Yonhap news |
[Alpha Biz= Paul Lee] Amazon, the world’s largest e-commerce company, announced on June 24 (local time) that it plans to invest £40 billion (approximately KRW 74.27 trillion) in the United Kingdom over the next three years.
According to CNBC, Amazon will construct four new integrated logistics centers and upgrade its existing facilities. The company stated that approximately 2,000 new jobs will be created at its previously announced fulfillment center in Hull and another facility in Northampton.
Additionally, Amazon plans to construct two new buildings at its UK headquarters in East London and invest in enhancing its logistics infrastructure across the country.
This follows Amazon’s previous announcement last year of a £8 billion (approximately KRW 14.9 trillion) investment over five years to build and operate data centers in the UK.
TikTok also recently announced plans to open a new office in London earlier this month.
The UK government, which is actively seeking to attract investment from global tech firms, welcomed Amazon's commitment. British Prime Minister Keir Starmer stated, “This investment will create thousands of new jobs and is a signal that our growth plan is working.”
The UK economy currently faces concerns over declining investment due to tax increases and uncertainties stemming from U.S. President Donald Trump’s tariff policies. The country’s gross domestic product (GDP) in April fell by 0.3%.
AlphaBIZ Paul Lee(hoondork1977@alphabiz.co.kr)
