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Business / Middle East Business

Kuwait announces $200m technology investment fund at Beirut summit

Published: 21 Jan 2019 - 12:20 am | Last Updated: 01 Nov 2021 - 08:38 am

Reuters

BEIRUT:  Kuwait is launching an initiative to create a $200m fund for investments in technology, its foreign minister said at an Arab economic summit in Beirut yesterday.Sheikh Sabah Al Khalid Al Sabah said Kuwait would give $50m to the fund to allow “investment in the fields of technology and digital economy” which the private sector will take part in.