Monday, Oct 17, 2011
BEIJING (Dow Jones)--The Kuwait Investment Authority will likely increase its investment in China after establishing an office in Beijing, the Kuwait News Agency reported Sunday.
"China has enormous potential for Kuwait Investment Authority's business opportunities on the back of its sustained economic growth," the report cited the Beijing office chief of the Kuwait sovereign wealth fund, Fahad Al-Shatti, as saying.
The Kuwait sovereign wealth fund has investments worth around $5.6 billion in mainland China, up from zero five years ago, the report said. The funds investments in greater China, including Hong Kong, have grown five times to around $10 billion from ten years ago, it added.
Newspaper website: http://www.kuna.net.kw
-By China Bureau, Dow Jones Newswires; (8610) 8400-7799; djnews.beijing@dowjones.com
(END) Dow Jones Newswires
17-10-11 0357GMT
