Kuwait's largest foreign investment at $16B
Kuwait Petroleum Corporation announced the signing of the country's largest foreign direct investment in history, valued at $16 billion, through the "Shahin Project" agreement with a global consortium led by investment funds from Blackstone, Brookfield, and KKR. The deal includes leasing 13 pipelines spanning 320 kilometers for 20.5 years, with Kuwait retaining full ownership and operational control, aimed at supporting an increase in oil production to 4 million barrels per day by 2035. The corporation expects this deal to generate cash returns of up to $7.85 billion and considers it a significant milestone in enhancing economic development and Kuwait's investment attractiveness despite regional challenges.
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