…as Vision Invest joins board
In one of Africa’s largest private infrastructure transactions to date, ARISE Integrated Industrial Platforms (ARISE IIP) has successfully completed a $700 million capital raise.
The deal welcomes Saudi Arabian investor Vision Invest as a new shareholder, joining existing investors Africa Finance Corporation (AFC) and the Fund for Export Development in Africa (FEDA).
The capital infusion will be used to accelerate ARISE IIP’s expansion and its mission to develop green, inclusive, and sustainable industrial ecosystems across the African continent.
Speaking on the strategic partnership, Gagan Gupta, Founder and CEO of ARISE IIP, said the investment reinforces the company’s long-standing belief in Africa’s potential. “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,” he stated.
Leaders from the new and existing partner organizations echoed this sentiment. Samaila Zubairu, Chairman of ARISE IIP and President & CEO of AFC, highlighted how the investment aligns global capital with Africa’s growth ambitions.
Professor Benedict Oramah GCON, President of Afreximbank, congratulated ARISE IIP, noting that the capital increase will strengthen the company’s role in promoting export manufacturing and industrialization in Africa.
Marlene Ngoyi, CEO of FEDA, added that the deal reaffirms their commitment to a platform that drives sustainable growth and regional integration.
For Vision Invest, the transaction marks its first direct investment on the continent. Mohammad A. Abunayyan, Chairman of Vision Invest, stated, “This…is a natural extension of our values and impact investment philosophy, which centres on the socio-economic development of the communities in which we invest.”
Omar N. Al-Midani, President and CEO of Vision Invest, described ARISE IIP as the ideal partner for their entry into the African market due to its “world-class execution” and focus on in-country beneficiation.
Standard Chartered Bank and Norton Rose Fulbright advised ARISE IIP on the transaction, while EFG Hermes and Linklaters advised Vision Invest. The deal highlights continued global confidence in ARISE IIP’s ability to drive industrialization and economic prosperity across Africa.