Economics
Kuwait Plans $10 Billion Investment Fund With China
- Fund would invest in developments like Gulf state’s Silk City
- Chinese backers could introduce contractors to manage projects
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Kuwait is planning to create a $10 billion fund with China to invest in the two countries, according to people with knowledge of the matter.
The Gulf state is discussing the creation of a Kuwait-China Silk Road Fund that would invest in Kuwaiti projects related to the Silk City and islands development, according to the people. It could also be used for strategic investments in China and other areas under the Asian country’s “One Belt, One Road” initiative, the people said, asking not to be identified because the information is private.