Establishing a holding company for technology in Kuwait

The Kuwaiti Capital Investment company decided to establish Icolony in association with the US Internet Capital Group of a capital of $500 million to work as a holding company in the data technology, Internet and computer software fields.

A statement issued by Capital Investment said there are other US companies with wide activity in the electronic trade field that will support this company, and the new company will work to establish investment funds in technology in the Gulf region, the Middle East and North Africa.