Amazon Pledges £40 Billion UK Investment, Creates Thousands of Jobs, Expands Operations

Amazon.com Inc. (NASDAQ:AMZN) is one of the best US tech stocks to buy now. On June 24, Amazon announced a commitment to deepen its presence in the UK, planning to invest £40 billion (~$54 billion) over the next 3 years. The move is hailed by the UK government as a vote of confidence in its economic policies and is set to create thousands of jobs across the country.

The planned investment includes the construction of 4 new state-of-the-art fulfillment centers. 2 of these will be located in the East Midlands, central England, and are expected to open in 2027. The other 2 were previously announced and will be in Hull, northern England (opening this year in 2025), and Northampton, central England (opening next year in 2026). Each of the Hull and Northampton sites is projected to create 2,000 jobs.

Amazon Pledges £40 Billion UK Investment, Creates Thousands of Jobs, Expands Operations

A customer entering an internet retail store, illustrating the convenience of online shopping.

Beyond new fulfillment centers, Amazon’s £40 billion investment will also encompass new delivery stations across the UK, upgrades and expansions to its existing network of over 100 operations buildings, and enhancements to its transport infrastructure. The company also plans to open 2 new buildings at its corporate headquarters in East London and redevelop the Bray Film Studios in Berkshire, southern England, which it purchased in 2024.

Amazon.com Inc. (NASDAQ:AMZN) engages in the retail sale of consumer products, advertising, and subscription services through online and physical stores in North America and internationally.

While we acknowledge the potential of AMZN as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.