• HSBC

Rakia plans $5bn project in India

  • United Arab Emirates: Wednesday, October 22 - 2008 at 08:03

The Ras Al Khaimah Investment Authority (Rakia) plans to invest $5bn to develop Hyderabad Economic City, which will be an integrated financial hub in the south Indian state of Andhra Pradesh. Rakia said it recently signed an agreement with the Andhra Pradesh Industrial Infrastructure Corporation to establish the project. The financial component of the mega project will include infrastructure facilities to support a full range of financial services, while the health care city will provide complete facilities for clinical and non-clinical services.

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