SovereignWealthFunds.comCiyada Development Fund
Ciyada Development Fund: what it invests in
Geography Mainly domestic
Ciyada Development Fund: how big it is, and on what basis
Ciyada Development Fund: what it publishes
Published 0 · Partly 0 · Not published 10
Our 10 item score. It measures what is public, not how well a fund is run.
At a glance. Ciyada is a proposed Kuwaiti state development fund, named in the government's 2023 to 2027 work programme. It would finance major domestic projects in partnership with private industry and technology leaders, acting as a development arm rather than a savings fund. The Ministry of Finance and the Kuwait Investment Authority were asked in July 2023 to study it; no launch has been announced. S1
Key points
- Named in the government work programme for 2023 to 2027. S1
- Feasibility study by the Ministry of Finance and KIA, due within a year. S1
- Aims to speed up growth of the Kuwaiti economy. S1
- Would deliver large projects with domestic and foreign private partners. S1
- Separate from the Kuwait Investment Authority. S1
Interesting facts
Mandate and goals
Accelerate growth and deliver major development projects through partnerships with industry and technology leaders. S1
How it invests
| Industries | Infrastructure and utilities, Technology, Industrials and manufacturing S1 |
|---|---|
| Asset classes | Not published S1 |
| Stages | Not published S1 |
| Geography | Mainly domestic. Domestic projects S1 |
| Direct / through funds / co-invest | Yes / No / Yes S1 |
| Ticket size | Not operating S1 |
| External managers | None S1 |
| Co-investment programme | Private-sector partnership is central to the plan S1 |
Published criteria
- Large projects that grow the domestic economy. S1
Past investments
The fund has not published a list of investments.
Investment process
The Ministry of Finance and KIA lead the feasibility study. S1
How to approach: No approach route until launch. S1
Size and returns
- Headline size: Not disclosed (Announced target, not current assets) S1
- Returns: the fund does not publish a return figure.
Leadership
The fund does not publish named leaders.
Governance and transparency
- Legal basis: None yet; part of the 2023 to 2027 government work programme S1
- Oversight: Ministry of Finance S1
- No law, charter or board yet. S1
Transparency score: 0 of 10 (band 1 of 5). Our own 10-item rubric; see the methodology page.
- Not published: total assets, annual return, long-term returns, asset allocation, geographic or sector split, holdings or deal list, audited financial statements, governance and mandate documents, named leadership, regular reporting schedule. S1
History
For family offices
If launched, it would seek private partners for big projects; nothing is open yet. S1
Common questions
Does Ciyada exist yet?
No, it is at the study stage. S1
Who is studying it?
The Ministry of Finance and the Kuwait Investment Authority. S1
Is it part of KIA?
No, it would be a separate development fund. S1
Related profiles
- Jordan Public Investment Fund (proposed) Jordan · No assets
- Lebanese Sovereign Wealth Fund Lebanon · No assets yet
- Abu Dhabi Investment Authority (ADIA) United Arab Emirates (Abu Dhabi) · About USD 1.1T, estimate
- Kuwait Investment Authority Kuwait · About USD 1T, estimate
- Public Investment Fund (PIF) Saudi Arabia · SAR 3,396B
- Qatar Investment Authority (QIA) Qatar · About USD 580B, estimate
All sovereign wealth funds in Middle East · All proposed or pipeline funds · All funds in Kuwait
Sources
Disclaimer
Informational only. SovereignWealthFunds.com is an independent public-source reference. It is not affiliated with or endorsed by any fund named on it, and it is not investment, legal or tax advice. Figures are as of the dates shown next to them and may have changed; please read each fund's official pages, linked on its profile. To report an error, use the contact page. Copyright SovereignWealthFunds.com. All rights reserved.
