LatAm List – The cloud computing subsidiary of Amazon, Amazon Web Services, will invest $236.18M (R$1B) in the Brazilian state of São Paulo over the next two years to strengthen its infrastructure in South America.
“With this major investment by AWS, Amazon’s cloud computing business, we will create more jobs, technology and also opportunities for startups,” said Governor João Doria.
The investment aligns with the company’s plans to expand its presence in Brazil’s increasingly competitive e-commerce market. Amazon also announced plans to open a new distribution center in the northeastern state of Pernambuco.
Read more on Reuters.