US retail company Amazon is set to begin construction for its African headquarters in South Africa.
Although Amazon's web engineering giant AWS has been in South Africa for years, Amazon will occupy a 15-hectare River Club mixed-use development which costs R4 billion and includes two precincts; Amazon headquarters in Africa and several developments for commercial and housing purposes, BusinessTech reported.
Cape Town city officials said in a statement that the "US retail giant, Amazon, will be the anchor tenant, opening a base of operations on the African continent. The development is envisaged to take place in phases, with construction set to take place over three to five years".
According to BusinessTech, the development should take place in phases and construction may take as long as three to five years. It is also expected to create 5,239 jobs in the construction phase alone and 19,000 indirect and induced jobs during the project.
The City mayor, Dan Plato said,