Kuwait – Kuwait’s life-after-oil fund rises to record $700B (Fiona MacDonald, Bloomberg, Al Jazeera)

July 3, 2021

Kuwait is making strides in an effort to invest its way out of dependency on oil money.

The Future Generations Fund, a national savings pot designed to help the country prepare for life after oil, has risen to about $700 billion, according to a person with knowledge of the matter. Its assets were valued at about $670 billion at the close of the last fiscal year on March 31, the person said, asking not to be named discussing confidential information.

Kuwait’s life-after-oil fund rises to record $700B | Business and Economy News | Al Jazeera

Kuwait recorded 66.7 billion dinars or $221bn in total oil revenue in the last five years [File: Bloomberg]

Kuwait recorded 66.7 billion dinars or $221bn in total oil revenue in the last five years [File: Bloomberg]

Marco Emanuele

Marco Emanuele è appassionato di cultura della complessità, cultura della tecnologia e relazioni internazionali. Approfondisce il pensiero di Hannah Arendt, Edgar Morin, Raimon Panikkar. Marco ha insegnato Evoluzione della Democrazia e Totalitarismi, è l’editor di The Global Eye e scrive per The Science of Where Magazine. Marco Emanuele is passionate about complexity culture, technology culture and international relations. He delves into the thought of Hannah Arendt, Edgar Morin, Raimon Panikkar. He has taught Evolution of Democracy and Totalitarianisms. Marco is editor of The Global Eye and writes for The Science of Where Magazine.

Kuwait – Kuwait’s life-after-oil fund rises to record $700B (Fiona MacDonald, Bloomberg, Al Jazeera)

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