Oman Food Capital and JBS Form $150M Partnership

Oman Investment Authority===Oman Food Capital, a subsidiary of Oman===Oman Investment Authority, has formed a strategic partnership with JBS N.V., a leading Brazilian food company. This collaboration involves a total investment of $150 million to establish new red meat and poultry production facilities in Oman, aiming to create a regional export hub for global markets. JBS N.V. will operate these facilities, including completing the integrated poultry plant of A Namaa Poultry and the slaughter and processing facility of Al Bashayer Meat. The project is expected to achieve an annual production capacity of approximately 300,000 tonnes of meat and poultry, significantly enhancing Oman's food security and transforming it into a protein-exporting nation within three years. The partnership is also projected to generate over 3,000 direct jobs in Oman over the next five years, contributing to local economic development and workforce efficiency. This marks JBS N.V.'s largest investment in the Middle East's meat and poultry sector and its first entry into the early stages of supply chains in the region.