What Is the Kuwait Investment Authority?
The Kuwait Investment Authority (KIA) is a government-owned corporation responsible for managing the sovereign wealth fund of Kuwait. Founded in 1982, it was created to manage government revenue primarily derived from the excess proceeds Kuwait earns from its oil reserves, with the goal of lessening the country's dependence on oil. The KIA is divided into the General Reserve Fund (GRF) and the Future Generations Fund (FGF), which have different purposes and investment strategies.
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