"China has huge potential, which presents opportunities that KIA can seize on the back of China's steady economic growth," Fahad al-Shatti, the head of KIA's newly opened office in China, was quoted as saying by KUNA on Sunday.
Kuwait, the world's No. 6 crude exporter is one of the richest countries globally with its sovereign wealth fund, KIA, managing assets in excess of $290bn. It owns stakes in companies such as Citigroup, Daimler and was a cornerstone investor in the initial public offerings of Agricultural Bank of China and insurer AIA Group.
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