Rakiza To Invest in Khazaen Fruit and Vegetable Central Market

Rakiza, Oman’s infrastructure fund, is pleased to announce that it has subscribed to invest a majority stake in Khazaen Fruit and Vegetable Central Market, a modern logistics hub for the wholesale trade of fresh produce in Oman. The facility is situated in Khazaen Economic City, strategically located in the outskirts of Muscat. Rakiza will be joined with consortium partners who have a track-record in project development within 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 Holdings Limited. 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, Telecommunications, Transport and Logistics sectors.

“We are delighted to join hands with our partners to develop the new Khazaen Fruit and Vegetable Central Market. As a social infrastructure project, this unique market will play an important role in meeting Oman’s national food security objectives. A world class logistics facility, the new market will cater for the growing consumer demand in the food and beverages sector, while maintaining stable cashflows.” – Muneer Al Muneeri, OIM Founder and CEO

 “OIM’s robust experience in managing local investments in Oman, combined with Equitix’s successful track record in developing greenfield projects, provide Rakiza a decisive edge in achieving returns for our investors.” – Hugh Crossley, Equitix Co-Founder and CEO

Rakiza continues to deploy 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.