Rakiza Buys a Stake in Oman International Container Terminal LLC
Posted on 01/13/2022
Rakiza is fund established by Oman Infrastructure Investment Management S.A.O.C and infrastructure fund manager Equitix. Oman Infrastructure Investment Management is a sovereign wealth enterprise of the Oman Investment Authority (OIA).
Rakiza is acquiring more than 31% of Oman International Container Terminal LLC, located in the Port of Sohar, outside the Strait of Hormuz. Rakiza is deploying capital across core infrastructure projects at various stages of diligence and discussion. The fund’s strategy is to capitalize on the drive towards privatization and foreign direct investment across the region, where first-mover investors, are generally able to achieve higher returns.
Oman International Container Terminal is a joint venture between Hutchison Port Holdings Limited (HPH) and the Government of the Sultanate of Oman. The port operator group is a subsidiary of CK Hutchison Holdings (formerly Hutchison Whampoa).
