Rakiza racks up over $1bn for inaugural infrastructure fund

The fund targets infrastructure projects, renewables, power and water, social infrastructure, telecommunications and transport and logistics sectors.

  • Based in Muscat, Oman, Rakiza is an infrastructure fund investing in the Sultanate of Oman and the Kingdom of Saudi Arabia
  • Rakiza is co-managed by Oman Infrastructure Investment Management and Equitix
  • The fund has already deployed 25 percent of capital across three projects, which include a 30 percent stake in a telecom tower portfolio in Oman and a 31 percent stake in a gateway container terminal in the Port of Sohar

Rakiza has raised over $1 billion for its debut fund.

Based in Muscat, Oman, Rakiza is an infrastructure fund investing in the Sultanate of Oman and the Kingdom of Saudi Arabia.

The fund targets infrastructure projects, renewables, power and water, social infrastructure, telecommunications and transport and logistics sectors.

The fund has already deployed 25 percent of capital across three projects: a 30 percent stake in a telecom tower portfolio in Oman; a 31 percent stake in a gateway container terminal in the Port of Sohar; and a majority stake in Khazaen Fruit and Vegetable Central Market in Oman.

On the fundraising, Muneer Al Muneeri, OIM CEO, said in a statement, “Our target of raising over $1 billion is an important milestone, which will help Rakiza in further growing our infrastructure fund initiatives in the region. The success of and appetite for the Fund demonstrates the need for sophisticated financial investors for this asset class. We look forward to supporting our investors and stakeholders in meeting their requirements.”

Rakiza is co-managed by Oman Infrastructure Investment Management, a specialist infrastructure manager based in Oman, and Equitix, an investor, developer and fund manager of core infrastructure assets in the UK, Europe, U.S. and the Middle East.