On 10 June 2010, Grupo Santander announced that it would invest approximately US$270 million (€200 million) in Campinas, Brazil in a technology centre for research and data processing and a data centre that was to support operations across North America, Central America and South America. The new centre was to be established within the 'Development Company for High Technology Cluster of Campinas' on 1 million square metres. Construction began in January 2011, and full operation was expected in 2013 offering over 8,000 direct and indirect jobs.