Amazon Aims To Set Up South African Headquarters In Cape Town’s R4 Billion Development
Amazon Aims To Set Up South African Headquarters In Cape Town’s R4 Billion Development. The development design intends to create a 150,000 square metre mixed-use space, divided into commercial and housing uses across two precincts. The developer intends 31,900 square metres to be used for residential purposes.
The city said that the development will include both market-driven and affordable housing opportunities – the latter of which will be physically integrated with the other residential units in the apartment complexes. It is envisaged that 5,239 jobs will be created in the construction phase alone. The project will also create up to 19,000 indirect and induced jobs, it said. “The planned mixed-use development will be a significant boost to the economy and the people of Cape Town in the aftermath of the national Covid-19 lockdown,” City mayor Dan Plato told Business Tech.
“The city has carefully and thoroughly considered all of the submissions and concerns during the appeal process. We are acutely aware of the need to balance investment and job creation, along with heritage and planning considerations. It is clear that this development offers many economic, social and environmental benefits for the area. We are committed to driving investment to revitalise the economy, which is slowly recovering following the impact of Covid-19,” Plato added.
According to Business Tech, the development will include: 59,600 sqm office space; 20,700 sqm retail space; 8,200 sqm hotel; 4,100 sqm gym; Restaurants, conferencing, school and events space. The developer stated that 20 percent of the residential floor space will be allocated for affordable housing opportunities. US retail giant, Amazon, will be the anchor tenant, opening a base of operations on the African continent.
Amazon Inc. is an American multinational technology company based in Seattle, Washington, which focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is one of the Big Five companies in the U.S. information technology industry, along with Google, Apple, Microsoft, and Facebook. The company has been referred to as “one of the most influential economic and cultural forces in the world”, as well as the world’s most valuable brand.
