Middle East Economic Survey

VOL. XLVIII

No 4

24-January-2005

KUWAIT

Kuwait Financial Centre To Launch KD 50Mn Energy Fund

Kuwait Financial Centre (KFC) announced on 10 January the launching the Markaz Energy Fund, a KD50mn ($171mn) private equity fund focused on the energy sector of the GCC (specifically Kuwait) and neighboring countries. The fund was submitted for approval to the Ministry of Commerce and Industry and the Central Bank of Kuwait. According to Manaf al-Hajiri, General Manager of KFC,...