Deals
World’s Oldest Wealth Fund Eyes Global Infrastructure Deals
- Kuwait’s SWF has shied away from trophy assets, chairman says
- KIA was set up in 1953, describes itself as world’s oldest SWF
Kuwaiti Finance Minister Anas al-Saleh.
Photographer: YASSER AL-ZAYYAT/AFP via Getty ImagesThis article is for subscribers only.
The Kuwait Investment Authority, which describes itself as the world’s oldest sovereign wealth fund, is targeting global infrastructure projects after taking part in a consortium that bought the London City Airport this year, Chairman Anas Al-Saleh said.
The fund has shied away from purchasing trophy assets, focusing on deals that “give us our targeted returns,” Al-Saleh, the country’s deputy premier and minister of finance, said in an interview in Kuwait City on Wednesday.