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
- Expatriates employed hold unauthenticated credentials
- Lifting travel ban for KD 400
- Avoid violating workers rights
- Electric Cars, soon in Kuwait
- Kuwaiti woman caught after 20 years
- Notification from Ministry of Interior for watching porn sites
- Kuwaitis top list in criminal cases
- Kuwait issued Five Bachelors Accommodations to leave
- Court sentenced a Kuwaiti man to death by hanging
- Prostitute charged KD 1,000 per night
- Islands of Kuwait
- Two girls and 4 boys arrested
- WAVES — Will it dethrone Ethereum ?
- Kuwait to have the fastest internet
- Shift car from road in minor accident to avoid fine
- Please do not accept bags from unknown people
- Bachelor homes and industrial areas to be raided in illegals hunt
- KFH launch XTM in Avenues
- Can’t blame expats for traffic chaos on roads
- Beware gang issuing fake driving licenses
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
