Kuwait Finance House Approved $6 Billion for Iskandar Development Project

Kuwait's KFH to go ahead with Malaysia project
Reuters - USA
Kuwait Finance House (KFIN.KW) (KFH) said on Saturday it had drawn up preliminary plans for investing in Malaysia's multi-billion dollar Iskandar development project. "KFH has approved the basic investment plan for the ... project (which) is expected to achieve a total development draw value that exceeds $6 billion during the coming 10-15 years," a company statement said, citing the Kuwaiti Islamic lender's international real estate development manager Ali al-Ghannam. ...