From Mr Aamir A. Rehman.

Sir, Francesco Guerrera’s report “Dow to invest plastics business into $11bn Kuwaiti joint venture” (December 14), on the deal between Dow Chemical and the Kuwait Petroleum Company (KPC), rightly identifies a trend of Gulf-based entities increasingly investing in global companies. As important as the increased volume of such investment, however, is the increasingly strategic nature of Gulf companies’ acquisitions.