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
- Departures to increase upto 2,500 per day
- 120,000 Residency violators still in Kuwait
- The Cabinet decides to start fourth phase from Tuesday
- New residency bill for expats
- Inbound flights … end of August
- Plan completed to resume the commercial flights at Kuwait Airport
- Temporary law permitting ‘Salary Cuts’ in Private Sector
- List of shops which are allowed to operate
- 120,000 expats will not be able to ‘renew’ residency
- 3 months extension for all expiring visas; Expats standard abroad grace period of 1 yr instead of 6 months
- Maidan Hawally (Block 11) will not be under Isolation
- Flights Reservations open for Kuwaitis along with domestic workers
- 5 phases to get back to normal Kuwait
- Following services will start from 31.05.2020
- Full lockdown in Farwaniya, Mahboula, Jleeb Al-Shuyoukh, Khaitan, Hawally areas and Partial Curfew from 6pm to 6am
- Guidelines for Banks set for the resumption of work and customers services
- 10 deaths, 845 new infections of coronavirus in Kuwait, total 24,112
- Jleeb, Mahboula isolation to end
- 3 deaths, 692 new infections of coronavirus in Kuwait, total 23,267
- 7 deaths, 608 new infections of coronavirus in Kuwait, total 22,575
Filed in: All • Expats in Kuwait • Info • Local News
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