OIA, Brazil’s JBS inked $150 mn strategic partnership to boost food security

2026-02-10 - 06:18

Muscat – The Oman Investment Authority (OIA), has entered into a landmark strategic partnership with JBS, the world’s leading food industry giant based in Brazil. This agreement, representing a total investment of RO 57.7 mn, approximately 150 mn US Dollars, involves the operation of new facilities in the Sultanate for the domestic production of red meat and poultry. A key component of the deal is the establishment of a regional export hub in Oman designed to supply international markets, aligning with the national strategy to build an integrated food ecosystem. Under this partnership, JBS will undertake its largest investment in the Middle East by completing the integrated poultry plant for Al Namaa Poultry in Ibri and the slaughter and processing facilities for Al Bashayer Meat in Thumrait.