Kuwait is said to plan US$10 billion investment fund with China

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The Kuwait-China Silk Road Fund would invest in Kuwaiti projects related to the Silk City and islands development.

Motorboats sit at moorings in the Sharq marina at night in Kuwait City, Kuwait.

It could also be used for strategic investments in China and other areas under the Asian country’s “One Belt, One Road” initiative, the people said, asking not to be identified because the information is private. Under the proposal, the fund’s Chinese backers could introduce strategic partners to work on its investment projects as contractors, according to the people.

 

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