Amazon invests $100 million to set up a new logistic center in Turkey to meet rising demand
Ecommerce giant Amazon announced Wednesday that it is investing $100 million to set up a logistic base in Turkey to meet rising demand, according to a report from Reuters.
The logistic center will be based in Istanbul, Turkey. Amazon said the facility will create more than 1,000 jobs in its first year and will support the domestic and export operations of the small- and mid-sized businesses that sell products on the site. Amazon said the center is expected to open in the autumn of this year.
The announcement comes just a day after Amazon announced that its $350 million 3.8-million-square-foot Amazon distribution center in Clay, New York will become operational on April 18.
Amazon relies on a massive real estate footprint and fulfillment centers around the world to support its global retail operations. Amazon currently operates more than 175 logistics centers around the world, covering an area of 14 million square meters. Each year, millions of orders are packed and shipped to consumers from these fulfillment centers and the number is constantly growing.