Amazon is planning a new cloud data center in Argentina, according to a Bloomberg News report. It will invest $800 million in the project over 10 years.

The Seattle-based company is preparing to invest about $800 million in the project … will reap considerable tax benefits by locating the data center in the Bahia Blanca-Coronel Rosales districts of the province of Buenos Aires, said the people, who asked not to be identified because they’re not authorized to speak publicly. Amazon’s decision to put part of its cloud infrastructure in South America’s second-largest economy is a big win for the Argentine government, which is keen to diversify the economy into digital services, nanotechnology, aerospace and more. Earlier this year, the national congress unanimously passed a law creating incentives for tech companies to set up shop there.

Check It Out: Amazon Planning $800 Million Data Centre in Argentina

One Comment Add a comment

  1. FCompton

    Yep. Argentina is who I think of when I think of service, nanotech and aerospace. Foreign lands is exactly where I want my data to reside.

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