Blackstone, KKR and Brookfield have taken a stake in Kuwait’s pipeline network in a transaction valued at $16 billion, according to The International homepage. The deal, the largest foreign investment ever made in the Gulf state, is part of Kuwait’s effort to raise capital amid rising tensions with Iran.
The $16 billion deal brings the three US‑based firms into Kuwait’s energy infrastructure, marking a historic entry into the country’s key assets. The transaction comes as Kuwait is seeking fresh funding to bolster its economy, which has been pressured by a pattern of Iranian attacks on shipping and infrastructure across the region. The stake acquisition follows the Gulf state’s solicitation of foreign investment to diversify its revenue streams amid geopolitical uncertainty.
Kuwait has long sought to attract foreign capital to support its sovereign wealth fund and infrastructure projects. The timing of the investment aligns with escalated Iranian activities, such as the reported strikes highlighted in recent coverage, which have prompted Gulf coastal states to seek new financial partners.