Kuwait's wealth fund to open Saudi office
Kuwait’s sovereign wealth fund will open an office in Saudi Arabia to cement ties between the two GCC states.
Kuwait Investment Authority’s board has decided to open a representative office in the kingdom, to strengthen “economic and investment ties“ between the two OPEC states, Kuwait’s official news agency KUNA reported.
Dr. Anwar Al-Mudhaf, chairman of the wealth fund and Kuwait’s finance minister said that Saudi Arabia is witnessing great economic development and growth that has led to the creation of a rich investment environment, attracting global attention.
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