Kuwait announces initiative for $200m technology investment fund

The GCC state will give $50m to the fund to allow investment in the fields of technology and digital economy



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.