A Kuwaiti fund recently spent £400 million ($783 million) to buy the Willis Building, one of the tallest in the square-mile financial district, and plans to invest even more here.
Qatar, the sultanate of Oman, and Arab Investments — a secretive London-based fund — are also investing in skyscrapers that will transform the City, as the district is known, over the next three years.
London has a long history of welcoming foreigners and their money, but the City is particularly eager for investment now because the credit crisis threatens to slow several projects.
