The government has announced the creation of a new fund to manage its domestic assets, “signalling a key step forward in the country's push to privatise state-owned companies.” Zawya reports that “stakes in local companies, power and water projects will reportedly be included in the fund, as well as other assets currently under the management of the Kuwait Investment Authority (KIA), which also oversees a sizeable international portfolio. (…) However, the state's privatisation agenda has largely stalled since 2010, with the sale of major assets, including Kuwait Airways and the Kuwait Stock Exchange, delayed on multiple occasions as the government debated how best to approach the privatisation process.