Amazon to build new $5bn headquarters

Mubasher: Amazon announced that it plans to build a new headquarters in North America with $5 billion investments, according to a statement.

Amazon stated on Thursday, 7 September, that it plans to build a second headquarters in North America, which will house as many as 50,000 employees.

The development will cost $5 billion over the next 15 to 17 years, which will creates tens of thousands of jobs and generates billions worth of investments, according to Amazon.

Amazon’s profits went down 77% in the second quarter of 2017 to $197 million. 

 

Mubasher Contribution Time: 07-Sep-2017 14:15 (GMT)
Mubasher Last Update Time: 07-Sep-2017 14:15 (GMT)