Kuwait announces initiative for $200m technology investment fund

Kuwait announces initiative for $200m technology investment fund

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 on Sunday.

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.

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