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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

KIA to invest $3.6bln in property

Posted on 24 March 2011

Kuwait Investment Authority (KIA), the country’s sovereign wealth fund, said it will launch a real estate portfolio worth 1 billion dinars ($3.6 billion) to invest in the local market.
“The real estate portfolio aims to achieve good returns on mid-term and long-term, and will benefit from the steep plunge in real estate,” KIA said in a statement on Wednesday on the state news agency KUNA……………………………………….Full Article: Source


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