Blackstone, KKR invest in Kuwait pipelines

Kuwait agreed to a $16 billion deal with Blackstone, Brookfield, and KKR, granting the investors a 49% stake in a joint venture with Kuwait Oil Company for a 20.5-year lease on the country's oil pipeline network. The investment is the largest foreign deal in Kuwait’s history and aligns with Gulf strategies to attract capital, with Blackstone also opening an office in Kuwait.