The London arm of Kuwait Investment Authority, which manages the country’s sovereign wealth fund, has $250 billion of assets under management, KIA Chairman Saad Al-Barrak said.

The Kuwait Investment Office’s AUM grew from $27 billion in 2003 to $250 billion this year, Al-Barrak, who’s also minister of state for economic affairs and investment, said in London on Tuesday during an event marking the KIO’s 70th anniversary. The KIA doesn’t usually disclose the value of its assets.

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Kuwait Wealth Fund’s London Arm Manages $250 Billion in Assets