With World Bank funding, an IT Park is proposed in an area of , in  of land at Babesa, within Thimphu's municipal limits. This facility shall have an incubation centre, shared technology centre and data centre without any manufacturing facility. It is a joint venture project of Thimphu Tech Park Pvt. Ltd., of Assetz Property Group Pvt. Ltd., of Singapore and Druk Holding & Investments Ltd of Bhutan.