Saudi's Vision Invest Injects $700M into Africa’s Arise IIP

Gagan Gupta, Arise IIP Founder & CEO

Saudi Arabian infrastructure investor Vision Invest has taken a stake in Arise Integrated Industrial Platforms, the pan-African developer of integrated industrial ecosystems, via a $700 million capital infusion.

This transaction marks one of the largest private infrastructure capital raises in Africa to date.

Arise IIP's institutional shareholder roster now includes founding backers Africa Finance Corporation and Equitane, Afreximbank's development impact vehicle –the Fund for Export Development in Africa – and the latest entrant, Vision Invest.

Founded in 2010 with operations in Gabon, Arise IIP has expanded to more than 14 countries across Africa, deploying nearly $2 billion in infrastructure.

“Arise has always believed in Africa’s promise and the talent driving its growth. The partnership with Vision Invest and the continued support of our institutional shareholders will help us build resilient, self-sustaining industrial ecosystems that deliver long-term value,” said Gagan Gupta, founder and CEO of Arise IIP.

Mohammad A. Abunayyan, chairman of Vision Invest, commented: “This marks our first direct investment in Africa and a natural extension of our values and impact investment philosophy, which centres on the socio-economic development of the communities in which we invest. We are proud to partner with AFC, FEDA, and Equitane to support economic diversification and local development.”

Source: Africa Private Equity News