VOL. XLIV

No 45

5-November-2001

CAPITAL MARKETS

GIC Buys 10% Of Ras Laffan PowerProject

Kuwait-based Gulf InvestmentCorporation (GIC) announced on 25 October that it had signed an agreement to become10% owner of the Ras Laffan power project in Qatar. In a statement, GICs CEO,Hisham Razzuqi, said that the participation was in line with a new strategyadopted earlier in the year by the Board of Directors of GIC that reinforcesGICs role as promoter of economic development in the GCC region.

AES of...