Amazon Web Services, a part of Amazon.com ( AMZN, Financials ), announced the AWS Mexico (Central) Region. Amazon said the initiative will cost $5 billion over 15 years. The effort aims to boost Mexico's GDP by $10 billion and create over 7,000 full-time equivalent jobs.

Amazon's cloud computing division, said it plans to invest $5 billion in Mexico over the next 15 years as a part of a "long-term commitment" in the region. A portion of that investment is a new server region in Mexico launching today,

The cloud business of Amazon.com has launched an infrastructure cloud region in Mexico and plans to invest $5 billion in the country over the next 15 years.