Kuwait Petroleum Corp. plans to invest approximately 10 billion dinars ($33 billion) over the next five years to enhance its oil production capacity. CEO Sheikh Nawaf Al-Sabah emphasized that these investments aim not only to maintain but also to grow production in response to anticipated strong demand for decades.
The Middle Eastern sovereign wealth fund landscape is undergoing significant changes, with Qatar appointing a new CEO for its $510 billion fund and Kuwait replacing the head of its $1 trillion state-backed investor. Meanwhile, the Abu Dhabi Investment Authority is navigating a strategic shift.
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