Amazon to build $800m data center in Argentina

The cloud-computing division of Amazon.com Inc. is planning to build a regional data center in a free-trade area of Argentina, according to other media outlets.

The company is preparing to invest $800 million in the 10-year project, which will be located in the Bahia Blanca-Coronel Rosales districts of the province of Buenos Aires, according to sources Bloomberg has spoken to.

Earlier this year, the government passed the Knowledge Economy Law, which creates incentives for technology companies to do business in Argentina. Amazon would receive export tax exemptions, a reduction in income tax from 35 percent to 15 percent, and with the location in the free-trade zone, the firm would not pay national or provincial taxes on energy consumption.