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
- Trace of magic found in one of the graves
- 8,004 illegal residents
- 26,000 workers needed in Kuwait
- 172 arrested in Hawally
- Raising service fees for expatriates
- Kuwait again bans Bangladeshi workers
- Four guys arrested
- No Maids to Kuwait
- Snakes and monkeys found from the home
- Kuwait to launch insurance hospitals for expats
- Conditions & Exempted Jobs for getting a driving license
- Procedure to bring your child to Kuwait
- 3 Pakistanis, an Indian and a Bangladeshi arrested
- 16 Pakistanis arrested in Kuwait
- Kuwait advised to check your phones before travelling
- Move bachelors from Salwa
- Blast kills 10 in Philippine
- Saudi Arabia Announced the Eid al Adha
- Eid Al-Adha will be on Sept 11, 2016
- New Taxi and Bus fares (rates) in Kuwait
Filed in: All • Expats in Kuwait • Info • Local News
Subscribe
If you enjoyed this article, subscribe to receive more just like it.
