Berlin:US tech giant Amazon has unveiled plans to invest £16 billion ($18 billion) in Germany by 2027. This significant investment aims to enhance the company's cloud, artificial intelligence (AI), and logistics infrastructure within the country.

According to Anadolu Agency – English, the announcement was made during the Invest in Germany Summit held in Berlin. The funds will be allocated to various sectors including job creation, technology advancements, and regional infrastructure development.

Since 2010, Amazon has invested over £100 billion ($112.5 billion) in Germany, which has resulted in the creation of more than 40,000 permanent jobs distributed across over 100 sites. As part of the latest investment package, Amazon plans to expand its Amazon Web Services Europe region in Frankfurt to cater to the increasing demand for advanced cloud and AI services.

The investment will further support satellite connectivity through Amazon Leo, logistics expansion across Germany, and the production of new original content for Prime Video. German Federal Minister for Economic Affairs and Energy Katherina Reiche expressed her approval of the announcement, highlighting the role of high-performance data centers as essential components of the digital economy.