Kuwait Wealth Fund Doubles Investments in U.K. to $24 Billion

Kuwait Investment Authority, the country’s sovereign wealth fund, doubled investments in the U.K. over the last 10 years to more than $24 billion.

Investment in Britain was “across all asset classes, sectors and industries,” Managing Director Bader Al-Saad said in a speech in London on June 28. Kuwait Investment Office, the KIA’s London-based investment arm, now manages more than $120 billion globally compared with $27 billion 10 years ago.