Infrastructure investor Rakiza it had closed its first fund at more than US$1 billion.
The Omani fund announced that 25% of its capital will be invested in three construction projects.
Media reports show that the Fund is also close to other financial investment completion, including an acquisition deal in Saudi Arabia.
Saudi Arabia’s Public Investment Fund (PIF) has investment US$300.8 million into Rakiza last year.
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.