According to press release issued by Andhra Pradesh Industrial Infrastructure Corporation (APIIC), an integrated financial hub and a Health Care City, designated as Hyderabad EconomT Cities. An MoU to this effect was signed between Government of Ras Al Khaimah (UAE) and APIIC, in the presence of Chief Minister Dr. Y.S. Rajasekhara Reddy.
The integrated financial city would include infrastructure facilities for financial services operations for banking, insurance and asset management companies. It would also have financial services corporate centre, capital market and trading, IT, ITES and BPO services, plug-and-play intelligent buildings and information technology parks.
The integrated health city would include facilities for clinical and non-clinical services, world class hospitals, and medical colleges, research services for clinical trials, drug delivery system, stem cell research and genetic research among other things.