The world’s richest man Bill Gates has started to lay plans about building up a ‘smart city’ for people to integrate new technology in their lives.

Comprising 24,800 acres of land, the city would be built in Phoenix, Arizona. Naming the city as ‘Belmont’, it is expected to accept and also to push forward innovation and technology. One of Gates’ investment firms has already devoted $80 million to this project.

An Arizona-based real-estate group, Belmont Partners, stated in its press release, “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 centers, new manufacturing technologies and distribution models, autonomous vehicles and autonomous logistics hubs.”

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According to Futurism, there will also be a freeway that would cut through Belmont and lead to Las Vegas. The traffic to and from such a major city of Las Vegas would help the city to thrive on its own. This new smart city could be a breeding as well as a testing ground for the technologies to come in future.

As per reports, the city would be similar to a normal city with 3,800 acres of land for industrial, office and retail space. With 470 acres of land assigned for public schools, the city will have 80,000 homes and the left over 3,400 acres would be of open land, wrote Fortune.

Belmont Properties expressed, “the land will transform a raw, blank slate into a purpose-built edge city built around a flexible infrastructure model.”

This investment would serve as a cherry on top as there is already a growing interest in smart cities. These are the types of cities where people use technology in order to keep the streets clean, or where technology can unlock people’s office doors and switch on their computers before they arrive for work, or a community where people can reserve or get directions of parking through their phones only, stated CNET.