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2021-12-10
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Amazon’s Cloud Unit Is in Talks to Open Data Center in Mexico
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The company has been working closely with the federal government, one person said.</p>\n<p>An agreement would be welcome news for Mexico, which posted foreign direct investment of $24.8 billion in the first nine months of the year, the lowest for that period since 2016 and down 2% from last year. It has also seen a long drought in initial public offerings to the nation’s stock exchange.</p>\n<p><b>Data Center Hub</b></p>\n<p>Queretaro’s minister of sustainable development, Marco Del Prete, wouldn’t confirm or deny talks with Amazon but said his state has become a hub for multinationals to install their data centers, with 26 either already built, announced or under negotiation. The average investment for data centers in the state is about $250 million to $300 million, he said.</p>\n<p>An Amazon spokeswoman declined to comment. 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The company has been working closely with the federal government, one person said.\nAn agreement would be welcome news for Mexico, which posted foreign direct investment of $24.8 billion in the first nine months of the year, the lowest for that period since 2016 and down 2% from last year. It has also seen a long drought in initial public offerings to the nation’s stock exchange.\nData Center Hub\nQueretaro’s minister of sustainable development, Marco Del Prete, wouldn’t confirm or deny talks with Amazon but said his state has become a hub for multinationals to install their data centers, with 26 either already built, announced or under negotiation. The average investment for data centers in the state is about $250 million to $300 million, he said.\nAn Amazon spokeswoman declined to comment. 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