Betting big on the “New Silk Road” | beyondbrics

Betting big on the “New Silk Road” | beyondbrics:

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The Middle-Eastern Gulf states have had a huge swing towards Asia in trade but investment dinars have not followed to the same degree. Ahmad Al-Hamad is looking to change that.

Asiya Investments is part of the listed Kuwait China Investment Company and already runs about $450m in assets, more than 10 per cent of which comes from the Kuwait Investment Authority, the sovereign wealth fund.

Al-Hamad, group managing director of Asiya, reckons the Gulf States are still under-invested in Asia compared with the $320bn worth of annual two-way trade between Asia and the Gulf in 2013."

'via Blog this'