Bill Gates company invests $80 million in 20000-acre smart city

Bill Gates company invests $80 million in 20000-acre smart city

Bill Gates company invests $80 million in 20000-acre smart city

10 thousand hectares of land in the US state of Arizona bought the company, Belmont Partners, owned by billionaire, founder of Microsoft, bill gates. The project will see the "smart city" of Belmont built on the undeveloped land of Arizona.

The city would be founded in Phoenix-Arizona, comprising of a land area around twenty-four thousand eight hundred acres. The remaining land will hold 80,000 residences.

According to the reports, the smart city would be like any other city with an area of three thousand and eight hundred acres dedicated to the industrial, retail space and office use. While now without water or electricity, the city's growth would also be driven by the completion of I-11, an interstate highway connecting Phoenix to Las Vegas, Nevada. And the infrastructure in Belmont will be built from the ground up to accommodate them.

A huge swath of land on the Western edge of metro Phoenix has drawn an $80 million investment from Microsoft founder Bill Gates' investment group.

Technology billionaire Bill Gates is to build the world's first goal built smart city - with driverless cars and state of the art connectivity.

"Belmont will create a forward-thinking community with a communication and infrastructure spine that embraces cutting-edge technology, designed around high-speed digital networks, data centres, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs", said a statement from Belmont Partners, according to 12 News.

Details on when construction will start have yet to be provided.

Just one week following the announcement of the Toronto neighborhood, Saudi Arabia made an announcement of its plans to invest more than $500 billion for a new worldwide hub that is meant to push all boundaries of innovations as well as exemplify what civilization will be in the future.

In an interview with KPNX, Ronald Schott, executive emeritus at the Arizona Technology Council, applauded the decision by Belmont Partners and Gates to create the project in Tonopah. "Finally Arizona's getting recognized for being a place for innovation".

Paul Babeu, former sheriff of Arizona's Pinal County, tweeted: "The Jetsons come to Arizona".

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