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
- Prostitution by social media in Kuwait
- Plan to deport one million expats runs into fierce opposition
- Girl smashed the bottle on head of boy in mall
- Nepali ‘gay’ kills friend in Sabhan
- New Fuel Prices Announced 2017
- Minor Daughter impregnated by her Father – Authorities in dilemma over baby born
- Kuwaitization policy by replacing expats with Kuwaitis in PAHW, implemented.
- Famous female fashion designer jailed in Kuwait
- Suspects would be behind of “glass barriers” instead of “steel bars” in Kuwait
- Security raid at camps in Mahboula
- Change the timetables of some schools to control the traffic
- 3 Men and 4 Women arrested in Salmiya
- Three deported and 22 in custody
- Salmiya and Hawalli areas have started reducing the rent
- Revised Bus Fares from 1st January
- Expats will allow to own apartments in Kuwait
- Applying for new driving license after cancellation of old license
- Parent beats student in wrong identity
- New amendments to traffic rules
- Crack down on New Year parties
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
