Kuwait finalizes London City Airport deal

Kuwait-Mubasher: Kuwait Investment Authority (KIA) is continuing its investment criteria which were not affected by the low oil prices, Managing Director of KIA Bader M. Al Sa'ad told CNBC Arabia.

The authority has recently completed the takeover process of London City Airport, Al Sa’ad said. He added that KIA is still preceding its plan of assets distribution and exploiting good investment opportunities.

A consortium including KIA’s unit Ryan House and Canada’s OTTP has won $2.8 billion deal for purchasing the airport.

 

Mubasher Contribution Time: 10-Mar-2016 08:43 (GMT)