Rakiza closes first infra fund at over $1bn

Rakiza, an infrastructure fund investing in the Sultanate of Oman and the Kingdom of Saudi Arabia, which is co-managed by Oman Infrastructure Investment Management and Equitix, has reached the target for its first vehicle with over $1 billion in capital commitments.   

Rakiza, an infrastructure fund investing in the Sultanate of Oman and the Kingdom of Saudi Arabia, which is co-managed by Oman Infrastructure Investment Management (OIM) and Equitix, has reached the target for its first vehicle with over $1 billion in capital commitments.   
 
Rakiza has already deployed 25% of the fund’s capital across three projects: a 30% stake in a telecom tower portfolio in Oman; a c31% stake in a gateway container terminal in the Port of Sohar; and a majority stake in Khazaen Fruit and Vegetable Central Market in Oman.
 
According to a press statement, the fund invests in infrastructure projects that generate stable returns and yield income, in renewables, power and water, social infrastructure, telecommunications and transport and logistics sectors.