One of the Investment Companies, owned by Bill Gates, made USD 80 million worth of investment in land which is 45 minutes away from Phoenix, Arizona. It is a desert location with the conditional name Belmont, which in the future will become an innovative city of the future, reports kaldata.
The area of the purchased plot, intended for the construction of the smart city, is about 10,000 hectares. Next to it runs the highway linking Phoenix to Las Vegas. A press release from the Belmont Partner investment group says Belmont will be building a modern community with the latest communication and infrastructure using state-of-the-art technologies based on high-speed digital networks, datacenters, new production technologies , autonomous transport and others.
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German arms manufacturer Rheinmetall has secured a substantial financial boost from the European Union, receiving over 130 million euros to enhance its ammunition production capabilities
The current account for Bulgaria in January 2024 showed a slight deficit of EUR 3.6 million, as reported by the latest data from the Bulgarian National Bank (BNB) regarding the country's balance of payments
The Minister of Economy, Bogdan Bogdanov, marked a significant milestone with the official commencement of construction for Schneider Electric's new production facility for electrical components in the "Thrace Economic Zone" near Plovdiv
During their official visit to the United States, Bulgarian Ministers Bogdan Bogdanov and Asen Vassilev extended a warm invitation to American companies to invest in Bulgaria, particularly in high-tech industries
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