Ciyada Development Fund News Today

Oman’s new fund offers funding and investment solutions to various investor categories including private sector organisations, SMEs and startups.

The GCC region has been named the "region of the year" when it comes to sovereign wealth funds, according to Global SWF

Kuwait’s finance ministry and the Kuwait Investment Authority are said to have been tasked to study plans for the proposed new fund.

The Gulf country already has the Kuwait Investment Authority with assets of about $803 billion, making it the fifth-largest sovereign wealth fund globally.

A study is being planned for the launch of Kuwait’s new investment program, an additional sovereign wealth fund. Principle among its goals will be to boost the economy in the country. The name given to the SWF is The Ciyada Development Fund. This fund will make strategic planning and execution of large-scale development projects.  Ciyada…

Kuwait plans to establish a new sovereign fund to develop its local economy, spearhead mega projects, and attract funds from foreign investors and the private sector, according to a government plan seen by Reuters on Sunday.