Rakiza, a private-equity infrastructure fund co-managed by Oman Infrastructure Investment Management (OIM) and Equitix, has received a capital injection of $300 million from Saudi Arabia’s Public Investment Fund (PIF), one of the largest sovereign wealth funds in the world.
Rakiza invests in infrastructure projects in Oman and Saudi Arabia, focusing on the renewables, power and water, social infrastructure, telecommunications, and transport and logistics sectors.
PIF deploys capital to enable strategic sectors with significant long-term growth potential that will contribute to maximizing its assets and diversifying Saudi Arabia’s economy.
“We are delighted to have secured PIF’s commitment and to continue our partnership with large institutional investors, delivering on our broader commitments to the team and their vision, as we continue to invest and develop in essential infrastructure projects,” said Hugh Crossley, co-founder and CEO of Equitix.
