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KUWAIT, Aug 10 (KUNA) -- Director of the Real Estate Department at Kuwait
Investment Authority (KIA) Khaled Al-Hassoon announced Wednesday the creation
of an executive committee for the portfolio Real Estate Investment Authority.
Al-Hassoon told the press that the committee consisted of members from KIA
and the Real Estate Authority, adding that meetings were held to launch the
committee's operation. The Real Estate Investment Authority is ran by Kuwait
Finance House (KFH).
The Kuwait Investment Authority is Kuwait's sovereign wealth fund (7th
place SWF Institute Ranking 2010), managing body, specializing in local and
foreign investment. It was founded to manage the funds of the Kuwaiti
Government in light of financial surpluses after the discovery of oil.
Today, KIA manages the Kuwait General Reserve Fund, the Kuwait Future
Generations Fund, as well as any other assets committed by the Ministry of
Finance. (end)
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KUNA 101907 Aug 11NNNN
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