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Kuwait Investment Authority opens representation office in China

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The Information Consultant at the Kuwait Investment Authority, Mr. Qais Ibraheem Al-Shatti announced to Kuwait News Agency, that the executive committee at the KIA held a meeting yesterday chaired by the Minister of Finance Mr. Mahmoud Al Nouri to follow up the results of the tour of H.H. the Prime Minister Sheikh Sabah Al Ahmed Al Sabah to the Eastern Asia countries. The executive committee decided to implement practical steps reflecting such visit by adopting four major approaches being the opening of a representative office in Shanghai or Hong Kong depending on the facilities available in order to follow up the development of the legislations, studying the investment opportunities and privatization projects in China, to contribute up to 20% with Kuwait private sector in the incorporation of an investment company in China and cooperate with some of public Institutions and international banks by studying the investment in the Peoples Republic of China in the real estate, insurance, international banking and other sectors in order to benefit from the economic growth. Also to study the incorporation of a joint Venture with Chinese Government to enter into the privatization projects on one hand and the technology and leading projects on the other.

The executive committee believes that the Eastern Asia countries and China in particular, enjoy very high growth rates and hold huge cash reserves, which qualify them to maintain their economic growth. Also there are worthy investment opportunities, which encourage us to proceed in order to realize and materialize such approaches despite the fact that some of these countries lack the legislations that encourage investment

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QIA Becomes the Largest Shareholder in Colonial

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The Qatar Investment Authority (QIA) became the biggest shareholder of Inmobiliaria Colonial, SOCIMI, S.A. (Colonial), a Spanish listed real estate company. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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Mumtalakat Discloses Investment in Khairat Bahrain

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Bahrain Mumtalakat Holding Company disclosed an investment in Sudan called Khairat Bahrain. This is an agricultural investment in Sudan. The food and agriculture sector is key investment sector for many Gulf-based state investors. Khairat Bahrain is located in the world’s richest expanse of groundwater (the Nubian Sandstone Basin) occupying an area of approximately 100,000 feddans (400 square kilometers). The Nubian Sandstone Aquifer System is the world’s largest known fossil water aquifer system.

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Temasek Acquires Cybersecurity Firm Sygnia

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Singapore’s Temasek Holdings agreed to acquire Sygnia, Inc., an Israeli cybersecurity technology and services provider. Unverified estimates of the deal amount are around US$ 250 million. Sygnia runs out of Tel Aviv, but has an office in New York. Sygnia assists companies respond to cyber threats.

[ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]

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