São Paulo – With an investment of USD 150 million, Brazilian meatpacker JBS acquired an 80% stake in a newly created food holding in Oman, establishing a new multiprotein platform for the production of beef, poultry, and lamb in the country. Oman Food Capital (OFC), the food and agribusiness investment arm of the Oman Investment Authority (OIA), will retain the remaining 20% stake.
The holding brings together two productive assets in the Arab country. According to JBS, the funds will be used to complete A’Namaa’s integrated poultry plant in the Ibri region, northern Oman, and to invest in Al Bashayer’s beef and lamb processing facility in Thumrait, in the south of the country.
With the investment, the operation is expected to reach a static industrial capacity of more than 300,000 tons per year, with daily processing of around 1,000 cattle, 5,000 lambs, and 600,000 poultry. Production is expected to begin within up to six months for beef and lamb, and within 12 months for poultry.
With the new project, the Brazilian meatpacker now has operations in 26 countries. In the Middle East, JBS recently inaugurated the expansion of a plant in Jeddah, Saudi Arabia. The company already operates Seara plants in Dammam, Saudi Arabia, and in Ras Al Khaimah, United Arab Emirates, and currently employs around 1,600 people across the region.
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Translated by Guilherme Miranda
