Kuwait SWF opens second China office

ShanghaiKuwait Investment Authority (KIA) has expanded its presence in China by opening an office in Shanghai. The official ceremony was conducted by Kuwait’s minister of finance and the KIA’s chairman of the board of directors Nayef Al-Harjaf. The decision to open a Shanghai office is “a continuation of KIA’s efforts” that started in 2011 with the opening of a representative office in Beijing, said Harjaf. The Shanghai property is also the first foreign investment office to be established by the KIA since its London branch opened for business in 1953, said Harjaf. One of the main purposes of the Shanghai office is to train Kuwaiti cadres on various investment themes. The sovereign wealth fund also held a Sino-Kuwaiti investment forum on the same day as the office opening to which it invited more than 400 Chinese companies to discuss investment opportunities in Kuwait. ©2018 funds global mena

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