Oman has taken a major step to strengthen its food security. Oman Investment Authority has entered into an important partnership with the famous Brazilian company JBS. Under this agreement, meat production in Oman will be increased on a large scale. This deal is worth about 150 million dollars, which will provide new employment opportunities to thousands of people.
What is this new deal and its purpose?
The agreement involves Oman Food Investment Holding Company and Brazil’s JBS. JBS will have 80% stake in it and they will bring modern technology to Oman. Its main objective is to make Oman a major center for the export of halal meat. For this, the existing plants in Ibri and Thumrait will be used and upgraded.
How much will be produced and who will get employment?
This project is expected to produce about 3 lakh tonnes of meat every year in Oman. This will include chicken, beef and mutton. According to the report, this will create more than 3,000 new jobs in the next 5 years. Red meat production will begin in the next 6 months, while poultry operations are expected to be operational by the end of this year.
total investment: $150 million (about 57.7 million Omani Rials)
Annual Capacity: 300,000 tons of meat
employment: 3,000 direct jobs
beginning: Production starts in 2026