Blackstone, KKR and Brookfield take Kuwait pipelines stake in $16bn deal

In a landmark deal, Blackstone, KKR, and Brookfield have joined forces to acquire a stake in Kuwait's pipelines for $16 billion, marking the largest foreign investment in the Gulf state's history. This strategic move comes as Kuwait looks to raise capital amidst ongoing tensions with Iranian attacks. The investment underscores the global confidence in Kuwait's infrastructure and its importance in the region's energy supply chain. Such a significant financial commitment could bolster Kuwait's economic stability and enhance its ability to invest in further development projects.