JBS announced the creation of a new multiprotein production platform in Oman, investing $150 million to serve the global halal market of roughly 2 billion consumers.
JBS acquired an 80% stake in a new food holding company alongside Oman Food Capital, which retains a 20% stake, JBS said. The investment will complete A’Namaa’s poultry plant in Ibri and expand Al Bashayer’s beef and lamb facility in Thumrait, JBS noted. JBS expects annual capacity of 300,000 tons, processing 1,000 cattle, 5,000 lambs and 600,000 chickens daily. JBS said the project will create 3,000 jobs and marks its first upstream investment in the Middle East.
