A Billion Bucks and Counting

A Billion Bucks and Counting

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  • Rakiza, an infrastructure fund investing in Oman and Saudi Arabia, announced that they successfully raised a cool $1 billion for their inaugural vehicle, and are just about ready to close their first deal in the Kingdom.
  • The fund, which is a joint venture between Oman Infrastructure Investment Management and Equitix, has already put a quarter of its capital to work in three projects in Oman, such as telecom towers and a container terminal.

Why it matters

In 2020, the Public Investment Fund of Saudi Arabia allocated 1.13 billion riyals ($300 million) towards Rakiza, as reported by the state news agency of Oman. Additionally, the Asia Infrastructure Investment Bank contributed $50 million in the same infrastructure fund.


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