Korea Investment Corp Signs MoU with Dubai SWF and Kingdom Holding
The Investment Corporation of Dubai (ICD) signed a Memorandum of Understanding (MoU) with the Korea Investment Corporation (KIC). Sovereign wealth funds and Western financial institutions perceive the Gulf cities, particularly Dubai, Abu Dhabi, Manama and Doha as potential gateways into Africa. Almost concurrently, ICD formed a US$ 1 billion development deal with Brookfield Asset Management to expand Dubai’s financial center.
KIC CEO Hank Ahn and ICD CEO Mohammad Al Shaibani signed the MoU at ICD’s headquarters in Dubai. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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