Kuwait Finance House (KFH), the Gulf state's biggest bank by market value, said on Saturday it was investing $275 million in a real estate project in China as part of plans to boost its exposure to Asia. KFH has signed a deal with China's Nan Hai Corp to invest in the $3 billion Peninsula real estate development through its Asian Fund 2, the Islamic bank said in a statement. “This comes as a step from KFH to cement its investments in this vital spot of the world,” the lender said.
