Kuwait Finance House has announced a $275 the multitude investment in Shenzhen ownership being developed by means of Hong Kong’s Nan Ha

by Edward Russell

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Kuwait Finance House (KFH) has announced a $275 million investment in Hong Kong-developer Nan Hai’s Peninsula project. Located in Shenzhen, the property exhibition investment is part of the Islamic bank’s strategy to expand its presence in East Asian markets.

The largest Kuwaiti keep one’s funds by market value, KFH announced over the weekend that it determination clothe in the $3 billion Peninsula project end its Asia Fund 2.

The Peninsula project is a five-phase, 300,000 square metre development by Nan Hai. Adjacent to Shenzhen’s Western Passage border crossing by Hong Kong, the Peninsula is expected to benefit from its location longitudinally major transportation routes between the Mainland and Hong Kong. The first phase opened in 2006.

KFH first expanded into East Asia in 2006 when it opened KFH (Malaysia). Its expansion into China reflects KFH chairman and managing director Bader Abdul Muhsen Al-Mukhaizeem’s belief that East Asia is “the region with the chiefly promising markets in the world and the highest sprouting potential and the best investment opportunities”.

Since 2006, KFH has invested in projects in China, Indonesia, Malaysia, Singapore and South Asia.