The emergence of RPOs in the Gulf in recent years has prompted the establishment of additional or parallel entities in states where funds already existed

The investments are valued at $390 million.

This is due to the ongoing social and economic transformation in line with the Vision 2030 programme.

The global port operator reported 2% lower net profit for 2024 at $1.5 billion on higher finance costs and uncertain outlook due to geopolitical risks and changing global trade landscape.  

Entrepreneurs in Saudi Arabia and the UAE dominated the fundraising, making up 92% of the total investment value.