Rakiza, Oman’s infrastructure fund, has announced that it signed multiple definitive agreements to acquire a stake of more than 31 percent in Oman International Container Terminal, a modern container-handling facility capable of accommodating the latest generation of mega-vessels. The facility is situated in the Port of Sohar, outside the Strait of Hormuz in the Gulf of Oman.
Rakiza is an independent private equity infrastructure initiative founded by the Oman Investment Authority (OIA), Oman’s sovereign wealth fund, and is also a partnership with U.K. infrastructure specialist Equitix. The Rakiza fund seeks to generate stable returns over a 10- year fund life, through a combination of exit-driven capital gains, and real income from assets. The fund will invest primarily in Oman, with the balance diversified across the region, focusing on renewables, power and water, environmental, social, information and communications technology, transport, and logistics sectors.