$1billion.. Rakeza ended the first deal in Saudi Arabia

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

Projects in Oman

The fund, which is co-managed by the Oman Infrastructure Investment Management Company and "Equitix", has already invested 25% of its capital in three projects in Oman.

Including the communication towers and the container terminal, according to a statement. He is also 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".

$12 billion

Equitex, the infrastructure asset specialist 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".

The Asian Infrastructure Investment Bank has also invested $50 million in the infrastructure fund.

 “Rakeza” fund’s investments

The “Rakeza” fund’s investments in the Sultanate of Oman focus on the telecommunications, energy, water, transportation, logistics, infrastructure and renewable energy sectors. with the aim of achieving stable returns from them.

The fund seeks to create value through its investments while supporting the achievement of the financial sustainability goals set by its main investors by taking into account environmental, social and institutional governance factors. In addition to making a long-term positive impact on financial performance, society and the environment.