04.01.2012 - Gulf SWFs look east, will invest billions in India
The West Asian gold pot is tilting towards India. The oil rich kingdoms of Saudi Arabia, Qatar and Kuwait wary of the economic crisis in Europe and the slowing growth rate in America have conveyed their desire to invest in Indian infrastructure projects. The Kuwait Investment Authority is planning to invest about $10 billion in the Indian economy and has already invested about $1.5 billion in India in the past two years.Saudi Arabia does not have a sovereign wealth fund a state-owned investment fund, comprising financial assets and instruments...............................................Full Article: Source
Print