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Amazon’s new Meeting Center building. (GeekWire Photo, Jacob Demmitt)

Ambassador Teshome is highly expectant of the upcoming forum. "New direction would be set with lessons we have learned from the past two years' experience, I think," he said.

Amazon’s rise is due in part to its investment in original content. Award-winning shows like “Transparent,” “Man in the High Castle,” and “Mozart in the Jungle” have helped Amazon Video quickly become a competitor in the video streaming space. The model was pioneered by Netflix, with original series like “House of Cards” and “Orange is the New Black.” Amazon said it planned to double spending on original shows in the second half of this year compared to the same period last year.

Amazon’s relationship with Microsoft, despite competing in some areas, stands in contrast to its standing with other tech giants. Amazon is in the midst of a dispute with Google that has seen the search giant remove YouTube from Amazon Fire TV and Fire TV Stick devices. Amazon has in recent months began thawing an icy relationship with Apple, restoring Apple TV devices to its online store, two years after removing them. And Amazon Prime Video recently popped up on Apple TV.

Among the affected industries, retail, catering, hotel and tourism sectors were some of the worst hit.