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Kuwait stashes a record $935 billion for life after oil

Fiona MacDonald

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Kuwait | Kuwait is making strides in an effort to invest its way out of dependency on oil money.

The Future Generations Fund, a national savings pot designed to help the country prepare for life after oil, has risen to about $US700 billion ($935 billion), according to a person with knowledge of the matter. Its assets were valued at about $US670 billion at the close of the last fiscal year on March 31, the person said, asking not to be named discussing confidential information.

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    Original URL: https://www.afr.com/world/middle-east/kuwait-stashes-a-record-935-billion-for-life-after-oil-20210702-p586h9