Omani “Rakeza” fund raises one billion dollars deal in Saudi Arabia

Infrastructure Fund Rakaza, which invests in Saudi Arabia and Oman, said it had raised $1 billion for its first instruments and is close to closing its first deals in the kingdom.


The fund, which the Oman Infrastructure Investment Management Company jointly manages and Equitix, has already invested 25% of its capital in three projects in Oman, including telecom towers and a container terminal, according to a statement. He is close to completing other investments, including his first acquisitions in Saudi Arabia.


“The GCC is an attractive home for smart capital and an exciting investment destination for those with local access,” said Hugh Crossley, Co-Founder and CEO of Equitex.


Equitex, the infrastructure asset company founded in 2007 in London, manages nearly $12 billion on behalf of investors, including several UK pension funds.


Last year, the Saudi Public Investment Fund allocated 1.13 billion riyals ($300 million) for the benefit of “Rakeza,” according to what was published by the official Oman News Agency. The Asian Infrastructure Investment Bank has also invested $50 million in the infrastructure fund.

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