Amazon will invest £ 40 billion ($ 54 billion) in the United Kingdom over the next three years, the e -commerce colossus announced on Tuesday.

The company said it intends to spend money on the construction of four new Fulfillment Centers – large warehouses where it is preparing orders for delivery – as well as upgrades and extensions of its existing operating buildings across the country.

The announcement was welcomed by the British government, which is recently “flirting” with investments by large technological players, as it seeks to boost domestic growth and productivity, CNBC notes. The UK’s monthly gross domestic product shrunk by 0.3% in April, as US President Donald Trump’s trade duties and domestic tax increases began to be implemented.

New jobs

UK Prime Minister Keir Starmer said in a statement that the investment would create thousands of new jobs – and is an indication that the government’s development plan is attributing.

Amazon said new jobs will amount to 2,000 seats at one announced Hull Fulfillment Center and an additional 2,000 jobs in another location in Northampton.

The company is also planning to open two new buildings at its headquarters in eastern London, improve its transport infrastructure across the United Kingdom and rebuild Bray Cinema Studios – which it acquired last year – in Berkshire.