Rakiza, an infrastructure fund investing in the Sultanate of Oman and the Kingdom of Saudi Arabia, has completed the final close of its first infrastructure fund at more than $1 billion, with the help of strong institutional backing.
The fund invests in infrastructure projects that generate stable returns and yield income in the renewables, power and water, social infrastructure, telecommunications, and transport and logistics sectors.
Rakiza, which is co-managed by Oman Infrastructure Investment Management (OIM) and Equitix, said the fund has already deployed 25 percent of capital across three projects. The fund acquired 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.
The pipeline of near-term opportunities is strong, with several investments nearing financial close.
Rakiza actively seeks to create v
