Amazon Web Services (AWS), the cloud computing unit of U.S. Amazon.com, will invest 1 billion reais or $236.18 million in the Brazilian state of Sao Paulo over the next two years.
“With this major investment by AWS, Amazon’s cloud computing business, we will create more jobs, technology and also opportunities for startups,” governor Joao Doria said in a statement.
The move comes as the e-commerce company strives to expand its in online retailing in the Brazilian market, where well-established local players pose a challenge to international rivals.
In December, almost a year after launching its first in-house fulfillment and delivery network in Brazil, Amazon.com announced plans to open a new distribution center in the northeastern state of Pernambuco.
