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Sovereign Wealth Funds Briefing - Categorized | Investment

KIA’s Ajial invests 400 mln euro in Wessal Capital

Posted on 03 April 2014

Al-Ajial Investment Fund of Kuwait Investment Authority (KIA) is investing 400 million euro in the Wessal Capital Gulf-Morocco venture, an equal share to that put in by the sovereign funds of Saudi Arabia, Qatar, the UAE, and Morocco.
Al Ajial Investment Fund General Manager Waleed Al-Fehaid told reporters in Casablanca, late Tuesday, that 780 million of the total investment would be channeled to the Wessal Casablanca-Port project. King Mohammed VI had earlier in the day inaugurated the project, which is aimed to bolster this gulf-Morocco partnership…………………………….Full Article: Source


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