Hyderabad Economic City to be developed in southern India.
The Ras Al Khaimah Investment Authority (RAKIA), have announced plans for a new $5bn integrated financial hub, which will be launched in the south Indian state of Andhra Pradesh. Rakia announced that they have recently signed the contract with the Andhra Pradesh Industrial Infrastructure Corporation to establish project.
The project, which will be called Hyderabad Economic City, will offer a complete suite of financial services for the region.
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