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FINANCIAL NEWS
Kuwait’s investments in U.S. hit USD300bn
05 Sep 2017
(MENAFN) Kuwait’s Sovereign Wealth Fund investments in the U.S. are estimated at over USD300bn and are diversified between stocks, bonds-primarily U.S. treasuries-real estate and tech.
Meanwhile, American firms support Kuwait’s power stations and refineries, design, local business offices and work with the nation on its infrastructure needs.
Additionally, the U.S. medical equipment is abundant throughout Kuwait’s hospitals and clinics.
Furthermore, Kuwait’s exports to the U.S. are petroleum products, while MEGlobal is recently building a new, world-scale monoethylene glycol manufacturing facility in Houston, Texas, USA.
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