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FINANCIAL NEWS
Kuwait’s SWF plans USD5b investment in UK infrastructure
04 Jul 2013
(MENAFN) Kuwait Investment Authority (KIA) plans to splash USD5 billion on British infrastructure assets over the next three to five years, the Financial Times reported.
The paper cited KIA managing director Bader Al-Saad as saying the Gulf sovereign fund will seek to invest in existing projects in the country that are already creating cash flow.
KIA has more than doubled its investment in Britain over the past 10 years to more than USD24 billion.
Kuwait’s sovereign wealth fund, which manages state assets in the world’s fourth-biggest oil exporter, is the oldest sovereign fund tracked by the SWF Institute with an estimated USD342 billion in assets, one of the world’s largest.
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