Foreign Investment in Oman Surges: Key Deals from February 2026

February 2026 proved to be a landmark month for foreign direct investment in Oman, with major announcements spanning food security, digital infrastructure, and strategic bilateral partnerships. From a $150 million Brazilian meat giant entering the market to international tech firms signing deals with Omantel's new Otech platform, the month underscored Oman's growing appeal as a regional investment hub aligned with Vision 2040.

🔑 Key Takeaways

• Brazil's JBS committed $150 million to establish meat production facilities in Oman, targeting 300,000 tons annual capacity and 3,000+ jobs
• Omantel launched Otech on February 11, signing strategic partnerships with Oracle, Nagarro, PwC, Palo Alto Networks, and Fortinet
• Turkey's OYAK announced imminent foreign investment into domestic operations as part of ongoing partnership with Oman Investment Authority
• OMNEX 2026 forum (February 2-3) facilitated Turkey-Oman business cooperation, including Turksat signing an agreement with Omani firm IMTAC
• India and Oman deepened economic ties through multiple MoUs building on their December 2025 CEPA agreement

🥩 Lead Story: Brazil's JBS Invests $150 Million in Oman's Food Security

In a move set to transform Oman from a protein importer to exporter, Oman Food Capital (a subsidiary of the Oman Investment Authority) signed a strategic partnership with Brazil's JBS in February 2026. The deal involves a total investment of RO 57.7 million (approximately $150 million) to establish new facilities for local production of red meat and poultry.

According to Muscat Daily reporting on February 10, 2026, the partnership will establish a regional export hub for global markets with an expected annual production capacity of approximately 300,000 tons. This includes 77,000 tons of beef, 20,000 tons of mutton, and 208,000 tons of poultry.

The partnership is expected to generate over 3,000 direct jobs across various production stages over the next five years. Times of Oman reported that this strategic move will enhance food security in Oman and solidify its position as a platform for producing halal food products for export.

This investment directly supports Oman's Vision 2040 goals of economic diversification and building an integrated national food ecosystem while attracting global partners and transferring advanced knowledge and technologies to the Omani market.

💻 Omantel's Otech Attracts Major International Tech Partners

On February 11, 2026, Omantel officially launched Otech at the Royal Opera House Muscat, positioning it as a comprehensive technology provider and enabler of digital transformation. The launch ceremony, held under the patronage of H.E. Abdulsalam bin Mohammed Al-Murshidi, President of the Oman Investment Authority, included the signing of multiple strategic international partnerships.

Key International Partnerships Announced:

• Oracle: Partnership through Oracle Alloy for hyperscale cloud computing platforms
• Nagarro (Germany): Systems integration services for emerging technologies and sector-specific solutions
• PwC: Cybersecurity capability development
• Palo Alto Networks: Collaboration through Unit 42 for cyber threat intelligence and incident response
• Fortinet: Cloud-enabled SASE (Secure Access Service Edge) solutions

According to the official press release published on February 13, 2026, Otech unifies investments and digital assets within Omantel's integrated ecosystem, offering advanced solutions across data centers, cloud computing, cybersecurity, artificial intelligence, Internet of Things, and systems integration.

This launch comes as Oman's digital economy ranks 2nd in the Gulf and 18th globally per the Global Digital Economy Report 2026, with investments in the IT sector reaching RO 1.2 billion over the past five years (around 70 percent driven by direct foreign investment).

🇹🇷 Turkey-Oman Business Cooperation Deepens at OMNEX 2026

The two-day OMNEX 2026 Oman-Türkiye Business Forum and International Trade Expo took place on February 2-3, 2026, at the Oman Convention and Exhibition Centre in Muscat. Organized by the Oman Chamber of Commerce and Industry with the Republic of Türkiye as guest of honor, the event facilitated concrete bilateral cooperation agreements.

Turksat Signs Cooperation Agreement

A notable outcome reported by Anadolu Agency was that Türkiye's satellite operator Turksat and Oman-based Industrial Management Technology and Contracting (IMTAC) signed a cooperation agreement for information technology collaboration. The partnership aligns with both countries' goals to reach $5 billion in bilateral trade volume.

OYAK Partnership Moves Forward

Building on the strategic partnership established in November 2024 between Turkey's OYAK and the Oman Investment Authority (which created a $500 million joint investment fund), OYAK's Chief Executive Murat Yalçıntaş announced on February 18, 2026, that the organization will bring foreign investment into one of its domestic businesses within the week as part of the OIA deal.

According to Daily Sabah, OYAK identified infrastructure, energy, logistics, high technology, and mining as priority sectors for the partnership, with the organization targeting expansion of its asset value from $35.4 billion to $60 billion by 2030.

🇮🇳 India-Oman Economic Ties Strengthen

While Indian Prime Minister Narendra Modi's historic visit to Oman took place in December 2025, February 2026 saw the signing of implementation agreements building on the momentum. According to Oman's Ministry of Foreign Affairs, the Sultanate of Oman and India signed an executive programme, a document, and four Memoranda of Understanding in Muscat.

The agreements covered cooperation in maritime heritage and museums, scientific research and innovation and skills development, agriculture and related sectors, and business cooperation between the Oman Chamber of Commerce and Industry and the Confederation of Indian Industry.

The MoU with the Confederation of Indian Industry aims to activate joint cooperation through exchange of trade delegations, attract Indian investors to Oman, and organize events to promote Omani products and services in the Indian market. These agreements operationalize the Comprehensive Economic Partnership Agreement (CEPA) signed in December 2025.

📊 What This Means for Foreign Founders Eyeing Oman

February 2026's investment activity sends several clear signals to international entrepreneurs and investors:

• Strategic sectors are open: Food security, digital infrastructure, cybersecurity, and advanced technologies are priority areas where foreign investment is actively welcomed
• Government backing matters: Many of the largest deals involve Oman Investment Authority or government-linked entities, suggesting that partnerships with established Omani institutions can accelerate market entry
• Technology transfer is valued: Deals emphasize knowledge sharing, skills development, and localization of advanced technologies, not just capital injection
• Regional hub positioning: Multiple agreements position Oman as an export platform to broader GCC and global markets, not just serving the domestic economy
• Digital economy momentum: With over 2,000 government services digitized and RO 1.2 billion invested in IT infrastructure, the ecosystem is maturing rapidly

For tech startups and digital service providers, the Otech partnerships demonstrate that Oman is actively seeking best-in-class international technology partners. For manufacturing and food security ventures, the JBS deal shows appetite for substantial capital commitments with clear job creation and economic impact.

🎯 Why This Matters for Oman

February 2026's foreign investment announcements represent more than capital flows. They reflect Oman's strategic positioning as a stable, business-friendly destination that attracts global players across sectors critical to Vision 2040.

The JBS partnership directly addresses food security while creating thousands of jobs. The Otech international alliances bring cutting-edge cybersecurity, cloud computing, and AI capabilities that will accelerate digital transformation across government and enterprise. The Turkey and India partnerships leverage Oman's geographic position and diplomatic relationships to create win-win economic cooperation.

With foreign direct investment growing from RO 14.2 billion in 2020 to over RO 30 billion by 2024, and non-oil exports increasing 10.5 percent year-on-year, Oman's diversification strategy is delivering measurable results. The launch of the Oman Global Financial Centre in 2026 will further enhance the Sultanate's ability to attract and deploy international capital.

For Omani entrepreneurs and job seekers, these foreign partnerships translate into skills transfer, supply chain opportunities, and employment across technology, manufacturing, and services sectors. The emphasis on localization and Omanization in major deals ensures that foreign investment contributes directly to building national capabilities.

📚 Sources

• Muscat Daily: OIA, Brazil's JBS inked $150 mn strategic partnership to boost food security (February 10, 2026)
• Times of Oman: OMR57.7mn pact with Brazil company to boost food security in Oman (February 2026)
• Oman Observer: Oman Food Capital signs strategic partnership with Brazilian meat giant JBS (February 2026)
• GlobeNewswire: Omantel launches Otech (February 13, 2026)
• Oman News Agency: Omantel Launches Otech as Provider of Technologies of Future (February 2026)
• Anadolu Agency: Türkiye-Oman business event OMNEX 2026 kicks off (February 2026)
• Muscat Daily: Oman-Türkiye ties in focus as OMNEX 2026 opens on Feb 2 (February 1, 2026)
• Daily Sabah: Türkiye's Oyak targets asset growth, IPOs, foreign-backed investments (February 2026)
• Oman Ministry of Foreign Affairs: Oman and India sign agreements (February 2026)
• Omanet: Oman's Digital Economy Investments Hit RO 1.2 Billion (2026)