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21-09-14
Kuwait's KIA to expand investments in Germany
(MENAFN) The Kuwait Investment Authority (KIA) announced it is planning to extend its investment in Germany following its successful in being a long-term investor in German auto maker Daimler AG, Gulf Business reported.
Kuwait's investment has been a ley investor in Daimler for the last 40 years, and KIA is intending to continue to increase its investments in Europe's biggest company.
"The successful strategic partnership could be an example regarding the future development of the partnership between Kuwait and the EU in terms of energy. We are interested to work together regarding a more efficient future of oil drilling and the use of more renewable energy sources." KIA said in a statement.
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