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Technology Park
A technology park is a planned development that offers top-notch office spaces, along with residential and retail buildings. Its main purpose is to attract high-tech companies, such as those in information technology and software development, to co-locate and benefit from economies of scale. These parks are typically situated outside of the city center, as they require a significant amount of land. This strategic positioning allows for a better utilization of resources and promotes the growth of innovative industries.
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