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Amazon to Open Two New Hubs in Italy This Year

Photo: REUTERS
Photo: REUTERS
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Amazon to Open Two New Hubs in Italy This Year

Photo: REUTERS
Photo: REUTERS

Amazon will open two new logistics centers in Italy this year, investing over 230 million euros ($278 million), the world's largest online retailer said on Monday.

With the two new hubs- a distribution center in the north-western city of Novara and a fulfillment center close to the city of Modena - Amazon will create 1,100 new jobs in the coming three years.

"Amazon continues to expand its logistics network in order to satisfy the growing demand of clients, widen product selections and support those small and medium enterprises that have decided to sell their products using Amazon logistics," the group said in a statement.

Amazon has already invested 5.8 billion euros in Italy, since first starting operations 10 years ago. It employs 8,500 people in the country.

($1 = 0.8282 euros)

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Saudi Takamol Holding, Bahrain’s Tamkeen Partner to Advance Labor Market Development

The agreement seeks to facilitate knowledge exchange in designing best practices for implementing initiatives that improve labor market efficiency - SPA
The agreement seeks to facilitate knowledge exchange in designing best practices for implementing initiatives that improve labor market efficiency - SPA
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Saudi Takamol Holding, Bahrain’s Tamkeen Partner to Advance Labor Market Development

The agreement seeks to facilitate knowledge exchange in designing best practices for implementing initiatives that improve labor market efficiency - SPA
The agreement seeks to facilitate knowledge exchange in designing best practices for implementing initiatives that improve labor market efficiency - SPA

Saudi Arabia’s Takamol Holding and Bahrain’s Labor Fund (Tamkeen) signed a strategic memorandum of understanding (MoU) aimed at exploring areas of collaboration in labor market development.

The agreement seeks to facilitate knowledge exchange in designing best practices for implementing initiatives that improve labor market efficiency, enhance skill development, and elevate performance quality, SPA reported.

The partnership aims to enable Tamkeen to benefit from Takamol’s extensive expertise in developing programs that raise professional performance standards, thereby increasing the effectiveness of initiatives and enhancing the competitiveness of national workforces in line with labor market needs.

In turn, Takamol looks forward to learning from Tamkeen’s pioneering experience in creating and advancing opportunities for national talent to enter and grow in the labor market.

Takamol Holding is one of the Kingdom’s leading companies, playing a central role in connecting the public and private sectors. It contributes to the goals of Saudi Vision 2030 by offering innovative solutions for human capital development. Through this partnership, Takamol aims to leverage Tamkeen’s distinguished experience in designing programs that support the entry and advancement of national talent in the workforce.

The partnership reflects Takamol’s commitment to supporting human development and boosting labor market efficiency across the region.

It also aligns with Tamkeen’s 2025 strategic priorities, which focus on enhancing the competitiveness of Bahraini citizens in the private sector, equipping the workforce with skills for career growth, and promoting digital transformation and institutional sustainability.