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Investing.com -- Amazon.com Inc (NASDAQ:AMZN) plans to invest about £40 billion in the United Kingdom (TADAWUL:4280) over the next three years to boost innovation and support the country’s artificial-intelligence drive, according to the company on Tuesday.
The investment of 40 billion pounds will increase the U.K.’s gross domestic product, contributing an estimated additional 38 billion pounds, Amazon said.
The initiative includes the creation of four new fulfillment centers and new delivery stations nationwide, as well as upgrades and expansions to the company’s existing network of over 100 operations buildings across the U.K.
Amazon plans to add 2,000 jobs at a fulfillment center in Hull and 2,000 jobs at another in Northampton, plus additional positions at new sites in the East Midlands and at delivery stations across the country.
Part of the investment includes £8 billion previously announced in September 2024 for data centers in the U.K. through 2028, aimed at supporting the country’s artificial intelligence computing capacity.
Prime Minister Keir Starmer described the investment as "a massive vote of confidence in the UK as the best place to do business," while Amazon CEO Andy Jassy noted the company’s 27-year presence in the U.K. has grown to include over 100 communities nationwide.
The investment also covers continued development at Bray Film Studios in Berkshire and other creative industry initiatives, alongside sustainability projects including the recent order of more than 140 electric heavy goods vehicles for Amazon’s transportation network.