Kuwait: British investments

The Kuwait Investment Authority (KIA)’s main investment arm, the Kuwait Investment Office, now manages more than $120bn globally, compared with just $27bn ten years ago. KIA managing director Bader Mohammed Al-Saad was recently quoted by Reuters as saying the sovereign wealth fund had more than doubled its investment in the UK. “The KIA has invested more than $24bn in the UK across all asset classes, sectors and industries. Ten years ago, it was $9bn,” he told an investor lunch in London.