The High Tech Park is planned on land measuring 117 hectares and will act as a magnet for Information Technology and Knowledge based industries. The core anchors of the High Tech Park will be large multinational corporations such as Huawei, Lenovo, Microsoft, ZTE, etc. It will also house local telecommunication companies, incubator facilities for small to medium sized start-ups in innovation and technology as well as research and development institutions. A feasibility study for the High Tech Park was successfully completed by an international consultancy firm which indicated that about USD278 million is required to undertake this project.