Prime Minister Christopher Luxon has confirmed global technology giant Amazon will invest $7.5 billion in New Zealand.
Amazon Web Services, the corporation’s cloud computing arm, will establish data centres in New Zealand, a move Luxon described as unprecedented.
Amazon Web Services is a subsidiary of Amazon that provides on-demand cloud computing platforms and APIs to individuals, companies, and governments, on a metered, pay-as-you-go basis.
“That’s probably the largest ever, certainly publicly announced technology investment I would imagine in New Zealand, by an international tech firm” he told Mike Hosking.
The development is expected to create around 1000 jobs and add $11 billion to the country’s GDP.
The announcement came a day after the government said foreigners with an investor residence visa would be able to purchase a home, in what Luxon described as a practical step to attract big investors already spending heavily in New Zealand.
“If you’re going to come here and invest $5 to $10 million of your own hard-earned money, you don’t want to be renting a property; if you want to buy one, we’re going to let you do that,” he said.
Luxon pointed to the example of a businessman who divides his time between New York and California, saying he had already invested far more than $10 million in New Zealand and was now looking to settle permanently.
“So that’s exactly what you want because once you get here, and as you’ve been saying, once you can buy a house, well, actually that means you get into the ecosystem, you sort of understand how it all works down here, you see other investment opportunities, and it’s not just that first $5 to $10 million that you’re spending, it’s actually what comes after all of that,” he said.
The Prime Minister added that local communities, including companies such as Seaflux and Cleanly, would benefit from the economic flow-on effects.
He rejected criticism that the move to open the property market to investor visa holders was rushed to appease political concerns, insisting the decision followed lengthy discussions with coalition partner Winston Peters.
Broadcaster Chris Lynch is an award winning journalist who also produces Christchurch news and video content for domestic and international companies. This article was originally published by Chris Lynch Media and is published here with kind permission.
“That’s probably the largest ever, certainly publicly announced technology investment I would imagine in New Zealand, by an international tech firm” he told Mike Hosking.
The development is expected to create around 1000 jobs and add $11 billion to the country’s GDP.
The announcement came a day after the government said foreigners with an investor residence visa would be able to purchase a home, in what Luxon described as a practical step to attract big investors already spending heavily in New Zealand.
“If you’re going to come here and invest $5 to $10 million of your own hard-earned money, you don’t want to be renting a property; if you want to buy one, we’re going to let you do that,” he said.
Luxon pointed to the example of a businessman who divides his time between New York and California, saying he had already invested far more than $10 million in New Zealand and was now looking to settle permanently.
“So that’s exactly what you want because once you get here, and as you’ve been saying, once you can buy a house, well, actually that means you get into the ecosystem, you sort of understand how it all works down here, you see other investment opportunities, and it’s not just that first $5 to $10 million that you’re spending, it’s actually what comes after all of that,” he said.
The Prime Minister added that local communities, including companies such as Seaflux and Cleanly, would benefit from the economic flow-on effects.
He rejected criticism that the move to open the property market to investor visa holders was rushed to appease political concerns, insisting the decision followed lengthy discussions with coalition partner Winston Peters.
Broadcaster Chris Lynch is an award winning journalist who also produces Christchurch news and video content for domestic and international companies. This article was originally published by Chris Lynch Media and is published here with kind permission.
6 comments:
And just how is Amazon going to find the power for its data centre's?
Huge amounts needed ad infinitum.
Maybe they will only work during the day when the sun shines and the wind blows ?
Please excuse my cynicism.......
What would happen if Iwi controlled the power grid?
Amazon could supply its own Nuclear power station, it would be delivered the next day!
Anyone else note the RNZ article published in the Herald with Anthony Grasso saying
"And we in New Zealand have the additional requirement that Māori data as well is handled in a way that is suitable for the Māori population and held within New Zealand,” Grasso said. "
NZ's biggest problem is people like Grasso, who seem to believe that Maori data is different from everyone else's data.
Why ????
Please give me any rational reason why or how Maori "data" different ?
Mr Grasso, how should data generated by part Maori be treated ?
I note that Grasso seems to be RNZs go to person for high tech comments, so one would assume that he should be able to tell us how brown zeros and ones are different from ours.
Unless we push back about absolute BS like this, it's another win for Maori.
I despair........
How will they find the power and water to run this energy dense data collection centre? They will steal it from us. AI trumps humanity and we will suffer brownouts and blackouts and water restrictions and increased costs so this control centre collecting data from our every move can function in this technocratic AI new world order.
"tongue in cheek" - maybe our Coalition Govt could send a delegation of MP's to America to confer with Jeff Bezos and suggest he establish a "home" in the Queenstown/Wanka area - which he could pay $5 mil and we could "build said home" - Oh Bugger - just had a thought most of our Tradie's have moved across the ditch - so another thought - could we "invent" FIFO (fly in/fly out) for these "persons" bringing them back to build homes, just for the likes of Jeff Bezos??
If he comes - I can see George & Amal Clooney coming, then Kim Kardashian and all the others that " have money ".
Now that would certainly help the Govt with their "looking for monied peoples"!
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