By: Ahmad Awad
Kuwait-Mubasher: Kuwait Investment Authority’s reach is extended cover 118 countries across the world, with ownership in equity and bond funds as well as direct investment, said Managing Director Bader Al Saad.
In addition to its infrastructure investments in Australia, the authority was part of the consortium that took over London City Airport in a £2bn deal, Al Saad confirmed on the sidelines of Kuwait Investment Forum on Wednesday.
Al Saad clarified that the authority does not take any negative actions once an investment is stalled, citing Merrill Lynch’s case where closed meetings have been held to resort to smart soloutions.
Kuwait’s sovereign fund owns assets worth about $550 billion (KWD 165 billion), according to Moody’s statement.
