Rakiza acquires stake in Oman Intl Container Terminal

Rakiza acquires stake in Oman Intl Container Terminal

Underscoring its support for the country’s core infrastructure sector, Oman Investment Fund (Rakiza) — set up under the auspices of Oman Investment Authority (OIA) — has signed agreements to acquire a stake of over 31 per cent in Oman International Container Terminal (presently known as Hutchison Ports Sohar) at Sohar Port.

Hutchison Ports Sohar — a joint venture of leading global port operator Hutchison Ports Holdings (HPH), the Omani government, and a number of prominent Omani and international investors — operates the container terminal at Sohar Port on a long-term concession.

The deep-water terminal, which can handle mega container vessels, is the country’s principal gateway for containerised imports and exports. The stake acquisition represents one of Rakiza’s first major investments in the Sultanate of Oman’s strategic infrastructure sector.

Target segments for investments also include greenfield and brownfield opportunities including renewable energy, power and water, social infrastructure, telecommunications, oil and gas, transport and logistics, and environmental projects – both within and outside the Sultanate of Oman.

In a statement published on its website, Rakiza CEO Muneer al Muneeri stated: “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