Rakiza, Oman’s first specialist infrastructure investment fund backed by the Oman Investment Authority (OIA), has secured $1 billion in commitments from international investors to support priority infrastructure projects and attract foreign capital into the Sultanate.
Speaking in OIA’s quarterly bulletin Enjaz & Eejaz, Rakiza CEO Muneer Ali Al Muneeri said the fund was established in 2018 to support privatisation, encourage foreign direct investment, and advance national infrastructure development. Since launch, Rakiza has built an independent investment platform operating separately from the sovereign wealth fund.
Among its flagship investments is Silal, Oman’s Central Fruits and Vegetables Market, which has strengthened food security and supply chains. The project reduced seasonal produce wastage from 30 percent to below 5 percent within a year and improved market oversight through licensed Omani operators.
Rakiza has also invested in telecommunications infrastructure through Helios Towers Oman, in partnership with a major UK firm. The investment has supported network expansion by operators such as Vodafone and increased electricity coverage for telecom towers to 99 percent nationwide.
In logistics, Rakiza’s stake in SOHAR Port and Freezone, alongside the Asyad Group and other partners, has helped expand container handling capacity to one million TEUs, giving the port an estimated 31 percent market share.
Beyond Oman, the fund holds a 40 percent stake in a strategic power generation project in Saudi Arabia in partnership with Aramco and a French company, reflecting a selective regional expansion approach aligned with sustainability and social impact objectives under the UN framework.
Al Muneeri said Rakiza plans to deepen its focus on digital infrastructure and data centres, alongside investments in education, water, and energy, as it prepares for the launch of a second, larger infrastructure fund.
