Rakiza to Acquire Stake in Oman International Container Terminal

Rakiza, Oman’s infrastructure fund, is pleased to announce that it has signed multiple definitive agreements to acquire a stake of over 31% in Oman International Container Terminal, a modern container-handling facility capable of accommodating the latest generation of mega-vessels. The facility is situated in the Port of Sohar, outside the Strait of Hormuz in the Gulf of Oman.

Rakiza is an independent private equity Infrastructure initiative. Founded by the Oman Investment Authority (OIA), Oman’s Sovereign Wealth Fund, Rakiza is a partnership with UK infrastructure specialist, Equitix. The Rakiza Fund seeks to generate stable returns over a ten-year fund life, through a combination of exit-driven capital gains, and real income from assets. The Fund will invest primarily in Oman, with the balance diversified across the region, focusing on Renewables, Power and Water, Environmental, Social, Information and Communications Technology, Transport and Logistics sectors.

“We are very pleased to be announcing our investment into OICT. Rakiza is well placed to invest in the port, supporting trade and helping to generate growth in the country and the wider region. Oman’s public policy support for privatization and the country’s robust and transparent regulatory regime, is key to Rakiza’s investment thesis and it will contribute to capital market growth, FDI, privatization, ESG (Environmental, Social, Governance), improved governance, better investor valuations.” – Muneer Al Muneeri, OIM Founder and CEO

“Rakiza’s unparalleled access to infrastructure projects in Oman, combined with Equitix’s strong track record, investment process, and significant resources dedicated to infrastructure investment, give Rakiza a decisive edge in achieving returns for our investors.” – Hugh Crossley, Equitix Co-Founder and CEO

Rakiza is deploying capital across core infrastructure projects at various stages of diligence and discussion. Rakiza Fund’s strategy is to capitalize on the drive towards privatization and Foreign Direct Investment (FDI) across the region, where first mover investors, are generally able to achieve higher returns.

For media enquiries please contact
TB Cardew Tel: 44(0)207 930 0777
Tom Allison, Tania Wild, Joe McGregor or Lucas Bramwell email: rakiza@tbcardew.com

About Rakiza Fund I
Rakiza is Co-Managed by the Oman Infrastructure Investment Management (OIM), a specialist infrastructure manager, wholly owned by Oman’s Investment Authority (OIA, formerly the State General Reserve Fund or SGRF) and Equitix, a leading investor, developer and fund manager of core infrastructure assets in the UK, Europe, US and the Middle East. The managers have joined forces to establish a Fund that will invest in PPP infrastructure in the region.

About OIM
Oman Infrastructure Investment Management (OIM) is a specialist, active infrastructure manager. OIM’s core strengths comprise of a seasoned team of professionals with extensive market knowledge and network in Oman and the region, and a proven track record of investments in the infrastructure space.

About Equitix
Founded in 2007 and headquartered in London, Equitix is a leading infrastructure investment firm that manages c. $10bn on behalf of long-term investors, including a large proportion of UK pension funds. It manages six core infrastructure flagship funds, numerous co-investment vehicles which are dedicated to larger infrastructure projects, and a number of segregated managed accounts providing customized solutions. Its investment strategy focuses on core infrastructure projects located in the UK, Europe, US and the Middle East covering a wide range of sectors with a particular focus on social infrastructure, transportation, regulated utilities and renewables. Across all of its core funds, Equitix seeks to hold assets for the life of the fund, which is typically 25 years. Equitix has acquired over 300 core infrastructure projects since its inception, thereby establishing a strong reputation as a trusted long-term partner, operator and fiduciary fund manager.

Disclaimer
This press release may contain forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties that could cause actual events or results to differ materially from those anticipated by such statements. Rakiza and its affiliate companies do not make any representation or warranty, express or implied, and assume no liability whatsoever as to the accuracy, completeness or updated status of such statements.