Oman launches project for protein production from dates

Oman launches project for protein production from dates

The Oman Investment Authority (OIA), the sovereign wealth fund of the Sultanate, has launched a new project to produce an alternative protein from dates in collaboration with US-based food ingredient company, MycoTechnology.

OIA and MycoTechnology have announced the establishment of ‘Vital Foods Technologies’ to complete the feasibility study of a large-scale production facility in Oman. This came as part of OIA’s role in attracting foreign investment, forming strategic partnerships, and bringing advanced modern technologies to the country.

The partnership was unveiled during the ‘Future of Food’ event organized by OIA and MycoTechnology which have already been subjected to multiple successful techno-economic studies. The event was attended by several senior government officials, senior corporate executives, representatives of companies and funds investing in the food sector, and MycoTechnology representatives. Attendees were served a Southeast Asian cuisine with dishes composed of alternative protein.

Ibrahim Al-Eisri

Director – Private Equity

OIA “This innovative project represents the benefits OIA can reap from international investments, whereafter it attracts its international partners to establish their projects in Oman and to transfer and bring advanced modern technologies to the country. Through its investment in the food production sector, OIA is exploring promising investment opportunities that can succeed in the backdrop of Oman’s climate