The Kuwait Investment Authority (KIA), which manages over $800 billion in assets, is planning to establish an office in Saudi Arabia to enhance trade and investment ties between the two Gulf states. This move aims to strengthen bilateral relations and foster joint cooperation. KIA already operates international offices in London and Shanghai. The fund’s assets are reported to be $846 billion, making it one of the largest sovereign wealth funds globally. KIA plays a crucial role in Kuwait’s economic development by managing shares in major economic entities.
Finance & Investment, Sovereign Wealth Funds,Kuwait, Saudi Arabia, Global
https://www.zawya.com/en/wealth/funds/kuwaits-846bln-wealth-fund-to-set-up-saudi-office-n6r0npl4