Kuwait Looks At Huge Wealth Fund To Move Beyond Oil ...Middle East

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Kuwait Looks At Huge Wealth Fund To Move Beyond Oil
source : OILPRICE ( Middle East ) () 20
Kuwait’s life-after-oil fund may have become one of the world’s biggest sovereign wealth funds thanks to the country’s healthy oil industry, as it continues to prepare for a life after oil as it invests heavily in the sector while it still can. The Future Generations Fund, managed by the Kuwait Investment Authority or KIA, is thought to be worth around $700 billion at present, according to sources in the country, after closing at $670 billion at the end of the fiscal year in March, making it the world’s largest oil fund…

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