Rakiza, Oman’s first dedicated infrastructure investment fund backed by the Oman Investment Authority (OIA), has secured $1 billion in commitments from international investors to finance strategic national infrastructure projects and attract foreign capital into the Sultanate. Since its launch in 2018, the fund has positioned itself as a key vehicle supporting privatisation, foreign direct investment, and priority infrastructure development.
Rakiza Fund CEO Muneer Ali Al Muneeri said the fund was created as an independent investment platform focused exclusively on infrastructure, operating separately from the sovereign wealth fund. He noted that Rakiza has helped establish a new channel for global investors to participate in Oman’s infrastructure sector.
Among Rakiza’s flagship investments is Silal, the Central Fruits and Vegetables Market, which has significantly strengthened Oman’s food security and supply chains. The project reduced seasonal produce wastage from 30 percent to less than 5 percent within one year while improving market governance through licensed local 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 including Vodafone and improved electricity coverage for telecom towers to 99 percent nationwide.
In logistics, Rakiza holds a stake in SOHAR Port and Freezone alongside the Asyad Group and other investors. The partnership has increased container handling capacity to one million TEUs, giving the port an estimated 31 percent market share. Beyond Oman, the fund owns a 40 percent stake in a strategic power generation facility in Saudi Arabia in partnership with Aramco and a French company, reflecting a measured regional expansion strategy aligned with sustainability and social impact goals.
Looking ahead, Rakiza plans to increase its focus on digital infrastructure and data centres, while continuing to explore opportunities in education, water, and energy. Al Muneeri said the fund is already preparing to launch a second, larger vehicle aimed at expanding its regional footprint and long-term development impact.
