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Sovereign Wealth Funds Briefing - Categorized | Alternative Investments

Kuwait property boosted by $3.6bln

Posted on 25 March 2011

A sizeable cash injection into Kuwait’s property sector from Kuwait Investment Authority (KIA) will provide a boost to shares in the country’s biggest developers. KIA will pump US$3.6 billion into the local commercial property market as the Gulf state’s sovereign wealth fund looks to benefit from plunging prices.
It is also an attempt to bolster the struggling sector, which has faced similar restructuring issues to Dubai’s market……………………………………….Full Article: Source


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