Bangalore, October 21 (SocialNews.XYZ) Investors from Gulf Cooperation Council (GCC) countries have shown keen interest in creating a world-class “Design District” on the outskirts of Bengaluru city besides coming here with various investment proposals. , said CN Ashwath Narayan, Minister of Informatics, BT and ST of Karnataka.
The minister, returning from a four-day visit to Dubai Expo 2020, said that a delegation of investors from GCC countries such as the United Arab Emirates, the Kingdom of Saudi Arabia, Qatar and Egypt have showed a keen interest in investing in the state.
The GCC is a regional intergovernmental political and economic union comprising countries such as the United Arab Emirates, Bahrain, Kuwait, Oman and Qatar.
Narayan said the proposed Rs 1,000 crore design district will span land from 100 to 150 acres.
“The proposed design district will be well ahead of Dubai. Industrial designs of all kinds required for any sector will be available in the proposed design district,” said Dr Narayan.
He said a Bengaluru design festival will be held here.
The minister visited the Dubai Design district to explore the ecosystem of design, art and technology.
Narayan said a delegation from GCC countries will visit the state in November to sign several memoranda of understanding on various investment proposals.
“Across Dubai, the government of Karnataka intends to broaden its reach and strengthen its relations with other GCC countries,” he said.
Narayan said Gulf Islamic Investment (GII) is planning to open its office in Bengaluru to further strengthen Indo-Emirati investment.