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Sovereign Wealth Funds Briefing - Categorized | Investment, Market

Kuwait wealth fund eyes Europe, US projects

Posted on 28 January 2013

Kuwait Investment Authority (KIA), the Gulf state’s sovereign wealth fund, plans to invest in European and US infrastructure projects, its managing director said. The fund, which has an estimated US$261bn of assets under management, is interested in investing in Texas Pacific Group and CBC, Badr Al Saad told Al Arabiya at the World Economic Forum in Davos.
“We think that these countries need to develop their infrastructure. We think that investments in infrastructure will be big in the next five years,” said Al Saad………………………………………..Full Article: Source


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