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Article: Hong Kong: Kuwait's KFH expands China portfolio.
- Article from:
- TendersInfo
- Article date:
- September 5, 2008
CopyrightCOPYRIGHT 2008 Al Bawaba (Middle East) Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: sander03
Kuwait Finance House (KFH) has announced a $275 million investment in Hong Kong-developer Nan Hai s Peninsula project. Located in Shenzhen, the property development investment is part of the Islamic bank s strategy to expand its presence in East Asian markets.The largest Kuwaiti bank by market value, KFH announced over the weekend that it will invest in the $3 billion Peninsula project through its Asia Fund 2.
The Peninsula project is a five-phase, 300,000 square metre development by Nan Hai. Adjacent to Shenzhen s Western Passage border crossing with Hong Kong, the Peninsula is expected to benefit from its ...