Become a Member
Become a Member

Kuwait to set up new sovereign wealth fund, report says

K8JNaA
By
July 19, 2023
Share

Kuwait, which has one of the world’s largest sovereign wealth funds, plans to create a new wealth fund to develop megaprojects and bring in foreign direct investments, according to Reuters, citing a government document seen by the news agency.

The new fund, called Ciyada Development Fund, will lead domestic investment projects intended to fuel and diversify Kuwait’s economy, Reuters says in a report published on July 17.

The existing Kuwait Investment Authority (KIA) is the fifth largest sovereign wealth fund in the world, with US$803 billion of assets under management as of end-2022.

The report says Kuwait’s finance ministry and KIA have been tasked to study plans for the new fund.

 

Investment

Sovereign Wealth Funds

Kuwait

Ciyada Development Fund

KIA

Pension Funds

US investment firm Starwood Capital opens office in Jeonju, where Korea’s NPS has its headquarters

Family Offices

Indonesia passes law to form international financial centres, eyes 500 trillion rupiah foreign investments

Pension Funds

Malaysia’s leader says civil service pension fund KWAP’s investment earnings insufficient to cover payments

CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

Sovereign Wealth Fund

Malaysia’s national trust fund KWAN set for contribution boost, strict withdrawal rules under new bill

Analysis

Japanese government turns to captive finance sources

Pension Funds

Australia’s Aware Super buys 50% of Sydney office building from Hong Kong’s Link REIT for A$226 million

Analysis

Why Asia needs its own gold hub

Pension Funds

Japan’s GPIF makes first direct private equity investment

Analysis

Does SpaceX share price drop show IPO or AI risks?

Pension Funds

Japan’s GPIF makes first direct private equity investment

Pension Funds

Malaysia’s leader says civil service pension fund KWAP’s investment earnings insufficient to cover payments

Analysis

Does SpaceX share price drop show IPO or AI risks?

CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

Sovereign Wealth Funds

Abu Dhabi Investment Council taps Edward Winter from BlackRock unit as CIO for real assets

Investment

Sovereign Wealth Funds

Kuwait

Ciyada Development Fund

KIA

Related Articles

Illuminated modern skyscrapers line the Abu Dhabi waterfront against a vibrant orange and purple dusk sky.
Sovereign Wealth Funds

Abu Dhabi Investment Council taps Edward Winter from BlackRock unit as CIO for real assets

Malaysia’s Sabah state mulls setting up sovereign wealth fund
Sovereign Wealth Funds

Malaysia’s Sabah state mulls setting up sovereign wealth fund

Singapore wealth fund GIC names Choo Yong Cheen and Liew Tzu Mi as deputy CIOs
Sovereign Wealth Funds

Singapore wealth fund GIC names Choo Yong Cheen and  Liew Tzu Mi as deputy CIOs

Indonesia wealth fund Danantara buys and merges four state-owned asset managers into country’s largest
Sovereign Wealth Funds

Indonesia wealth fund Danantara buys and merges four state-owned asset managers into country’s largest

Indonesia wealth fund INA and partners deploy 74.5 trillion rupiah since 2021
Sovereign Wealth Funds

Indonesia wealth fund INA and partners deploy 74.5 trillion rupiah since 2021

Riyadh travel destination. Tour tourism exploring.
Sovereign Wealth Funds

Saudi Arabia wealth fund PIF’s assets up in 2025 as profits surge 152%

Latest Post

Tiled roofs of traditional Korean hanok houses fill Jeonju Village surrounded by leafy trees and modern city buildings.
Pension Funds

US investment firm Starwood Capital opens office in Jeonju, where Korea’s NPS has its headquarters

US alternative asset manager Starwood Capital Group, which manages some

The illuminated red and white Tokyo Tower stands out against the vast, glowing city lights of Tokyo at night.
Analysis

Japanese government turns to captive finance sources

It was only a matter of time before Japanese Prime

An aerial view of the Sydney skyline features dense downtown skyscrapers surrounding Sydney Tower next to the harbor.
Pension Funds

Australia’s Aware Super buys 50% of Sydney office building from Hong Kong’s Link REIT for A$226 million

Australian superannuation fund Aware Super has bought a 50% stake

Gold coins lie scattered on a wet street leading to an illuminated classical government building with glowing columns.
Family Offices

Indonesia passes law to form international financial centres, eyes 500 trillion rupiah foreign investments

Indonesia’s parliament has passed a law paving the way to

A stack of shiny gold bullion bars rests on a dark surface with glowing golden light streaks in the background.
Analysis

Why Asia needs its own gold hub

Gold has never been just a commodity in Asia. For

A man in a suit touches a glowing digital circle displaying the text PRIVATE EQUITY against a blurred night backdrop.
Pension Funds

Japan’s GPIF makes first direct private equity investment

Japan’s Government Pension Investment Fund (GPIF) has invested 20 billion

Asia

Gold coins lie scattered on a wet street leading to an illuminated classical government building with glowing columns.
Family Offices

Indonesia passes law to form international financial centres, eyes 500 trillion rupiah foreign investments

Indonesia’s parliament has passed a law paving the way to

Modern glass skyscrapers reach upward toward a clear blue sky in a bustling city financial district.
CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

For the Tsao Family Office (TFO), investment success is measured

Corporates

Malaysia’s Sarawak state may open state-backed unit trust fund to non-Malay locals

Equities

Vietnam’s VEIL confronts share discount issue amid nation’s expected upgrade to emerging market

Real Assets

Singapore central bank, multi-government group anchor US$250 million first close of energy transition fund

Gold coins lie scattered on a wet street leading to an illuminated classical government building with glowing columns.
Family Offices

Indonesia passes law to form international financial centres, eyes 500 trillion rupiah foreign investments

Indonesia’s parliament has passed a law paving the way to

Modern glass skyscrapers reach upward toward a clear blue sky in a bustling city financial district.
CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

For the Tsao Family Office (TFO), investment success is measured

Perspective view of stock market growth, business investing and data concept with digital financial chart graphs, diagrams and indicators on dark blue blurry background. 3D rendering
Corporates

Malaysia’s Sarawak state may open state-backed unit trust fund to non-Malay locals

Malaysia’s Sarawak state is looking into opening up its state-backed

Vietnam’s VEIL confronts share discount issue amid nation’s expected upgrade to emerging market
Equities

Vietnam’s VEIL confronts share discount issue amid nation’s expected upgrade to emerging market

Vietnam Enterprise Investments Limited (VEIL) aims to reduce the closed-end

Singapore central bank, multi-government group anchor US$250 million first close of energy transition fund
Real Assets

Singapore central bank, multi-government group anchor US$250 million first close of energy transition fund

Singapore’s central bank and an infrastructure group funded by the

Hong Kong bourse plans to launch more proprietary benchmarks, report says
Exchange Traded Funds

Hong Kong bourse plans to launch more proprietary benchmarks, report says

Hong Kong Exchanges and Clearing (HKEX) plans to launch more

Global

Gold coins lie scattered on a wet street leading to an illuminated classical government building with glowing columns.
Family Offices

Indonesia passes law to form international financial centres, eyes 500 trillion rupiah foreign investments

Indonesia’s parliament has passed a law paving the way to

Modern glass skyscrapers reach upward toward a clear blue sky in a bustling city financial district.
CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

For the Tsao Family Office (TFO), investment success is measured

CEO

Tokio Marine Asset Management banks on insurance-linked securities

Analysis

IMF says Middle East conflict could reshape Asia energy links

Analysis

In Japan, the yen may weaken further and Tokyo stocks might keep rising

Gold coins lie scattered on a wet street leading to an illuminated classical government building with glowing columns.
Family Offices

Indonesia passes law to form international financial centres, eyes 500 trillion rupiah foreign investments

Indonesia’s parliament has passed a law paving the way to

Modern glass skyscrapers reach upward toward a clear blue sky in a bustling city financial district.
CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

For the Tsao Family Office (TFO), investment success is measured

A brass balance scale rests on a dark stock market chart with blurred stacks of gold coins in the background.
CEO

Brandes backs value’s long-cycle revival

Brandes Investment Partners has spent more than five decades building

A computer monitor displays glowing financial charts next to a rainy window overlooking a blurred city skyline at dusk.
CEO

Tokio Marine Asset Management banks on insurance-linked securities

Kazuya Nagasawa Japan’s Tokio Marine Asset Management (TMAM) is betting

IMF
Analysis

IMF says Middle East conflict could reshape Asia energy links

The Middle East conflict may push Gulf and Asian economies

In Japan, the yen may weaken further and Tokyo stocks might keep rising
Analysis

In Japan, the yen may weaken further and Tokyo stocks might keep rising

Is Japan a good investment for asset managers at a

Hong Kong

A stack of shiny gold bullion bars rests on a dark surface with glowing golden light streaks in the background.
Analysis

Why Asia needs its own gold hub

Gold has never been just a commodity in Asia. For

Towering skyscrapers of the Hong Kong financial district line Victoria Harbour under a blue sky with scattered clouds.
Analysis

Global survey points to a new era of upskilling

A familiar concern has emerged across global and regional labour

Corporates

Hong Kong Investment Corp’s income surges three-fold, plans to move into new tech sectors

Awards Supplement

Strengthening Hong Kong’s role as Asia’s ETF gateway

Awards Supplement

Capitalising on cross-border strengths

A stack of shiny gold bullion bars rests on a dark surface with glowing golden light streaks in the background.
Analysis

Why Asia needs its own gold hub

Gold has never been just a commodity in Asia. For

Towering skyscrapers of the Hong Kong financial district line Victoria Harbour under a blue sky with scattered clouds.
Analysis

Global survey points to a new era of upskilling

A familiar concern has emerged across global and regional labour

The modern Hong Kong skyline rises along the turquoise waters of Victoria Harbour under a bright blue sky.
Corporates

Hong Kong Investment Corp’s income surges three-fold, plans to move into new tech sectors

Hong Kong Investment Corporation (HKIC) earned HK$6.4 billion (US$820 million)

Cover-2026-ETF-Awards-Supplement
Awards Supplement

Strengthening Hong Kong’s role as Asia’s ETF gateway

Hong Kong Exchanges and Clearing (HKEX) has been named co-winner

Cover-2026-ETF-Awards-Supplement
Awards Supplement

Capitalising on cross-border strengths

Ping An of China Asset Management (Hong Kong) Co Ltd

aam-news-fallback-image
Awards Supplement

Retirement investing gains traction in Hong Kong

Schroders, winner of Fund Launch of the Year in Hong

Pension Funds

US investment firm Starwood Capital opens office in Jeonju, where Korea’s NPS has its headquarters

Family Offices

Indonesia passes law to form international financial centres, eyes 500 trillion rupiah foreign investments

Pension Funds

Malaysia’s leader says civil service pension fund KWAP’s investment earnings insufficient to cover payments

CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

Sovereign Wealth Fund

Malaysia’s national trust fund KWAN set for contribution boost, strict withdrawal rules under new bill

Analysis

Japanese government turns to captive finance sources

Pension Funds

Australia’s Aware Super buys 50% of Sydney office building from Hong Kong’s Link REIT for A$226 million

Analysis

Why Asia needs its own gold hub

Pension Funds

Japan’s GPIF makes first direct private equity investment

Analysis

Does SpaceX share price drop show IPO or AI risks?

Pension Funds

Japan’s GPIF makes first direct private equity investment

Pension Funds

Malaysia’s leader says civil service pension fund KWAP’s investment earnings insufficient to cover payments

Analysis

Does SpaceX share price drop show IPO or AI risks?

CEO

Buddhist and Confucian principles guide Tsao Family Office’s investing

Sovereign Wealth Funds

Abu Dhabi Investment Council taps Edward Winter from BlackRock unit as CIO for real assets

Scroll to Top

Subscribe to AAM Newsletter

Get news directly to your email.

First Name *
Last Name *
Work Email *
Password *
Phone no. *
Corporate Title *
Company *
Country *

Privacy Policy and Conditions of Use

Privacy is important to us, therefore, we will not sell, rent, or give your name or address to ANYONE. At any point you can unsubscribe or receive less or more information as it suits your individual needs.

Thank you!

We’ve received your request and will be in touch shortly.
Close

Thank you!

We’ve received your request and will be in touch shortly.
Close

Download White Papers

Please fill-in below information to get access to the White Papers. A download link will be sent to your provided email address.

First Name *
Last Name *
Company *
Corporate Title *
Country *
Contact Number *
Email Address *

By submitting this form, you are agreeing to receive communications about Asia Asset Management. We rely on your consent to send you marketing updates. At any point you can update your preferences or unsubscribe from communications by clicking the link(s) at the bottom of our emails or by contacting enquiries@asiaasset.com. Further information about our terms of use and privacy policy can be found here.

Download White Papers

Please fill-in below information to get access to the White Papers. A download link will be sent to your provided email address.

First Name *
Last Name *
Company *
Corporate Title *
Country *
Contact Number *
Email Address *

By submitting this form, you are agreeing to receive communications about Asia Asset Management. We rely on your consent to send you marketing updates. At any point you can update your preferences or unsubscribe from communications by clicking the link(s) at the bottom of our emails or by contacting enquiries@asiaasset.com. Further information about our terms of use and privacy policy can be found here.

Subscribe to AAM Newsletter

Already a paid subscriber?

Sign Up