Abu Dhabi-based Marib Holdings plans to build a “space city” in Chikkaballapur district, about 90km from Bengaluru. The company plans to invest about INR18,400 crore for the project, the company announced.
The project, which received in-principle approval of the state government, includes setting up of an entertainment theme park on the lines of Disneyland in an integrated recreation, business and residential township spread over 1,600 acres of land.
Sheikh Sultan bin Mohammed bin Khalid Al Nahyan, a member of the Abu Dhabi’s royal family and main promoter of Marib, is likely to visit Bengaluru in July to submit a master plan for final approval.
The project will also have a science and technology park, exhibition centres, malls and media-linked events.
The key components of the project include 7,200 residential units, a city centre consisting of a techno city, media city, media design centre, fashion hub and exhibition halls. The free zone office tower will have offices, star hotels, an exhibition hall and a convention centre.
The futuristic city will have a mono rail and electric cars to keep it pollution free.
A high-level committee of the state government also cleared about 60 proposals, with a combined investment proposals to the tune of INR87,494 crore, including INR18,400 crore for the space city.
