Kuwait is interested to buy London City Airport
London City Airport has been put up for sale by Global Infrastructure Partners.The sovereign wealth fund of Kuwait is teaming up with Ontario Teachers’ Pension Plan and Hermes to bid for the airport, while Macquarie is leading a rival consortium.
One of the world’s biggest sovereign wealth funds is part of a consortium that is plotting a bid for London City Airport, which has been valued at £2bn.
Wren House Infrastructure Management, which is an investment vehicle owned by the Kuwait Investment Authority; Canadian giant Ontario Teachers’ Pension Plan; and investment firm Hermes have teamed-up to make an offer for the airport, according to sources in the infrastructure sector.
The KIA is the world’s fifth largest sovereign wealth fund with some $592bn in assets.
Source : Telegraph
Kuwait News
- Events in Kuwait
- Closure of 300 travel offices in Kuwait is expected
- 106 Visas in 150,000 KD
- Correcting ID info made easier
- Female bank manager jailed with KWD 900000 fine
- Death sentence against Indian
- Now accreditation of certificates must for residence stamping
- Filipina slits her wrist
- Recruitment for Expats stopped
- 146 Expats deported from Kuwait
- Kuwaiti citizenship and passport on sale for KD 100
- Female Doctor arrested in Kuwait
- Working hours in evening during June, July and August
- Health insurance payment to be accepted online only
- Plan to apply for ‘gay’ rights
- Why to buy HUAWEI Mate 20 X (5G)
- Residence permits of 102,000 expats cancelled over 4 years
- 14,148 visas, work permits granted by PAM in Kuwait
- Bid to rape 10yr old boy in Salmiya
- Expats have to give exams to change the residence
- I cannot enjoy married life without hashish
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
