Mubasher: Kuwait’s state-run sovereign wealth fund has set up a big investment scheme to inject $20 billion in Pakistan, The Express Tribune reported.
Kuwait Investment Authority (KIA) is keen on investing in various sectors in Pakistan, including infrastructure, energy, and water desalination, the representative of Kuwait’s sovereign investor told Pakistan’s minister for works and services, and irrigation Syed Nasir Hussain Shah, according to Al Qabas newspaper.
The Kuwaiti authority also signed a memorandum of understanding (MoU) with Balochistan’s government to establish a 500-megawatt power plant, KIA’s Ahmed Idrees said.
Idrees further noted that the GCC nation will provide aid in food security, agricultural, livestock, and food processing sectors.
KIA, one of the world’s biggest sovereign wealth funds, is also ready to build a large number of homes with low monthly instalments, Idrees highlighted.
