Kuwait’s finance minister Anas Al-Saleh has sought to ease fears over the country’s investments in the UK during this week’s cabinet meeting, according to state news agency KUNA.
He assured ministers that Kuwait’s investments in the UK were “solid” despite rising concern after the UK’s referendum vote to leave the European Union. Kuwait owns a sizeable amount of UK government bonds, but most of its investments are in real estate and infrastructure, including the Beorma Quarter in Birmingham and the More London complex.
However, Mr Al-Saleh did warn that currency value and interest rates could affect the stability of these investments. “The Kuwait Central Bank is following up closely all developments and repercussions in Europe,” he said.