JBS Invests $150 Million in New Multiprotein Hub in Oman
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JBS NV has announced a $150 million investment to establish a multiprotein production platform in Oman, marking its first upstream investment in the Middle East. The company acquired an 80% stake in a new food holding company, partnering with Oman Food Capital. The project includes an integrated poultry plant and a beef and lamb processing facility, aiming for an annual production capacity of 300,000 tons and creating over 3,000 jobs in five years. This expansion supports JBS’s strategy of diversification and contributes to Oman’s Vision 2040.
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