Kuwait Investment Authority

Published June 7th, 2011 - 10:55 GMT

In 1982, the Kuwait Investment Authority (KIA) was established to takeover the responsibility of managing the assets of Kuwait from the Ministry of Finance. Today, the KIA manages two main funds; the General Reserve Fund (GRF) and the Future Generations Fund (FGF). The KIA may also manage any other funds entrusted to it by the Minister of Finance. The KIA does not own any of the assets. It is owned by the State of Kuwait. The KIA is only an asset manager. 

Its mission is to achieve a long term investment return on the financial reserves entrusted by the State of Kuwait to the Kuwait Investment Authority by providing an alternative to oil reserves, which would enable Kuwait’s future generations to face the uncertainties ahead with greater confidence.