‎PIF invests SAR 1.13 bln in infrastructure, says Oman’s Rakiza

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Emblem of Public Investment Fund (PIF)


Oman Infrastructure Fund (Rakiza), which is co-managed by Oman Infrastructure Investment Management and Equitix, bought a capital commitment of SAR 1.125 billion (OMR 115 million) from Saudi Arabia’s Public Investment Fund (PIF).

Rakiza is a non-public equity fund, which invests in infrastructure projects. The fund objectives to put money into Saudi Arabia and Oman.

Rakiza specializes in investments in the sectors of renewable energy, electricity and water, infrastructure for social products and companies, telecommunications, transport and logistics, per an legitimate assertion.

In December 2021, Saudi Arabia and Oman agreed, all the arrangement by arrangement of the Crown Prince’s talk over with to Muscat, agreed to manufacture larger the facilities that encourage boost mutual switch and cooperation in the meals safety field. Oman welcomed the Public Investment Fund’s (PIF) conception to speculate $5 billion in the Sultanate.