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Kuwait Investment Authority (KIA)

Banking & Finance

Kuwait Investment Authority (KIA) Overview

The Kuwait Investment Authority (KIA) is Kuwait’s state-owned sovereign wealth fund, founded in 1953 to manage government funds from oil.

As of late 2024 KIA has almost $1 trillion of assets under management, making it one of the world’s largest sovereign wealth funds, as well as the oldest.

KIA’s General Reserve Fund is the main repository of all of the state’s oil revenues and income earned from its investments.

Its Future Generations Fund (FGF) is the flagship investment fund, which consists of investments outside Kuwait that range from equities and bonds to private equity, real estate and infrastructure.

The FGF’s portfolio includes global stakes in ports, airports and power distribution systems.

It has also bought minority stakes in international corporations, including Daimler, Citigroup and Merrill Lynch.

KIA’s current investment priorities include artificial intelligence, digital infrastructure, data centres and semiconductors.

Is has also heavily invested in the US market, which accounts for over half of its portfolio, followed by holdings in the EU, the UK, Asia and various emerging markets.

On a more local level, KIA has a 15 percent stake in Arab Petroleum Pipelines Company, an Egyptian oil and gas service provider that owns and operates pipelines connecting the Red Sea and the Mediterranean.

Kuwait Investment Authority (KIA) News

Anwar al-Mudhaf, chairman of the Kuwait Investment Authority, said Saudi Arabia is 'witnessing a notable rise in its investment importance'

Kuwait opens wealth fund office in Saudi Arabia

Kuwait’s sovereign wealth fund is to open an office in Saudi Arabia, as the kingdom turns to its Gulf neighbours to shore up flagging foreign investment in its giga-projects.  Anwar al-Mudhaf, chairman of the Kuwait Investment Authority and Kuwait’s finance minister, praised Saudi Arabia as an investment location and as a key player in the […]

Matthias Ziegler: looking to claim a 5 percent share of new SUV sales in the Middle East region for VW within three to five years

Qatar-backed Volkswagen targets Middle East SUV market

Volkswagen Middle East aims to nearly double its share of sport utility vehicle (SUV) sales in the Gulf and Jordan, its regional chief, Matthias Ziegler, told AGBI. The German company, the world’s number two automaker by vehicle sales, and 10 percent owned by the government of Qatar, has numerous sub-brands, including Porsche, Audi, Bentley and […]

A Geely Galaxy E8 electric vehicle at Auto China 2024. Geely is one of the most popular Chinese car brands in the Gulf

Chinese carmakers ‘taking Gulf by storm’

Chinese carmakers now claim a sizeable chunk of new car sales in the Gulf and it is likely they will increase their market share further by wooing regional consumers through their vehicles’ innovative designs and perceived value for money. That is the prediction of Amir Khurshid, CEO of Saudi Arabia’s ThinkDirect Automotive Consulting and an […]

Kuwait sovereign fund to offload stake in Mercedes-Benz

Kuwait Investment Authority (KIA), a sovereign wealth fund, plans to reduce its stake in the German luxury carmaker Mercedes-Benz by selling 20 million shares. The Kuwaiti fund is the third-largest shareholder in Frankfurt-listed Mercedes-Benz. At price guidance of €69.27 ($18.86) per share, KIA may raise €1.385 billion ($1.5 billion), which will reduce its stake to […]