JBS expands Middle East operations investing $150 million in Oman
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JBS, the world's largest meat producer, is investing $150 million to acquire an 80% stake in a new food holding company in Oman, aiming to expand its operations in the Middle East. The investment will enable JBS to produce poultry, lamb, and beef at two facilities, with production expected to start within six months for beef and lamb, and in a year for poultry. The joint venture with Oman Food Capital will have an annual production capacity of about 300,000 metric tons, processing approximately 1,000 cattle, 5,000 lambs, and 600,000 chickens daily.
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