Saudi's Jadwa eyes $1.1 bln Aviva deal with CIT-FT

RIYADH, July 6 (Reuters) - Saudi Arabia's Jadwa Investment is looking at U.S. and UK real estate markets and targeting a deal worth 700 million pounds ($1.14 billion) with European property investor CIT, the Financial Times said on Monday.

The paper quoted Jadwa Chairman Prince Faisal bin Salman bin Abdulaziz as saying the firm planned to invest a chunk of its assets in the U.S. and UK commercial property.

The Saudi investment bank wants to cooperate with CIT to target a property portfolio being sold by British insurer Aviva Plc (AV.L), the paper said.

Riyadh-based Jadwa declined to comment when Reuters called. (Reporting by Ulf Laessing; Editing by Sue Thomas)