It is the country’s first IT Park – promoted by the Department of Information Technology & Telecom, Ministry of Information & Communications, Royal Government of Bhutan, supported by the World Bank and developed jointly by Assetz Property Group of Singapore and Druk Holdings & Investments, the commercial arm of the Royal Government of Bhutan. The groundbreaking ceremony for the IT Park was held on 18th May 2010 (see press release) and the construction was finally completed on 30th April 2012.