Amazon Chooses South Africa for its African Headquarters
Amazon is set to open its African headquarters in South Africa with real estate investment in the region of R4 billion.
Reports in Cape Town said Amazon would be situated at a new development in River Club, a key section of the city.
The 15-hectare parcel of land will cost about R4 billion and include two precincts. Authorities said the first precinct of 60,000sqm would occupy different layers of development, while the second section of 70,000 will hold Amazon headquarters in Africa.
"US retail giant, Amazon, will be the anchor tenant, opening a base of operations on the African continent," Cape Town city officials said in a statement. "The development is envisaged to take place in phases, with construction set to take place over three to five years."
Over 5,000 direct construc...