Kuwait Plans To Invest $5B In UK Infrastructure, Report Says

Law360, New York (July 1, 2013, 8:25 PM EDT) -- The Kuwait Investment Authority on Sunday reportedly said it intends to invest as much as $5 billion in infrastructure assets mainly in the U.K. over the next three to five years, just weeks after the sovereign wealth fund and other investors scrapped a bid for a U.K. water utility.

In an interview in London with the Financial Times, KIA Managing Director Bader al-Saad said the U.K. utility, Severn Trent PLC, fits the profile of the kind of assets KIA is looking to back, which are existing,...
To view the full article, register now.