Kuwait sovereign fund eyes Gulf, North Africa buys

KUWAIT, Oct 16 (Reuters) - The Kuwait Investment Authority (KIA), the Gulf Arabs state's sovereign wealth fund, is considering more investments in the Gulf Arab region and North Africa, with a focus on Egypt and Morocco, its top official said on Thursday.

KIA Executive Director Bader al-Ajeel told reporters the fund would look at the financial, technology, telecoms and services industries. He also said KIA was committed to investing in the local stock market, amid a global financial crisis. (Reporting by Ulf Laessing; Editing by Amran Abocar)