The Kuwait Investment Authority plans to invest as much as $5 billion in infrastructure assets mainly in the UK within the next three years to five years, the Financial Times reported.
The KIA, the country’s sovereign wealth fund, is targeting existing, heavily regulated infrastructure projects that generate cash, the report said, citing Managing Director Bader Al-Saad.
The plan comes after the KIA and its partners last month abandoned a 5.3 billion-pound ($8 billion) plan to take over Severn Trent Plc (SVT) as the British water utility said the price was too low.
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