The Kuwait Investment Authority is the investment arm of the government of Kuwait.It is the world’s first and oldest sovereign wealth fund
http://www.kia.gov.kw/En/Pages/default.aspx
The Kuwait Investment Authority was founded in 1953 to manage the money and income from the Kuwait Government’s financial surpluses after the discovery of oil.
It is thought too hold over £192 Billion = US$300 billion of assets, and is thus is one of the largest Sovereign Wealth Funds in the World.
The wealth of Kuwait comes from it’s oil exports.
By looking at the BP Statistical Review of Energy
Kuwait produces 3,126,000 barrels of oil a day.
Thus, with oil at $60.55 per barrel = £38.79.
3,126,000 x £38.79 = £121,266,292
Yes, Kuwait’s crude oil generates £121million a day. One can now see where the money flows into the Kuwait Investment Authority for it investment operations.