- AMJ advises MycoTechnology Inc. on joint venture with OIA
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AMJ has advised MycoTechnology Inc, in setting up a joint venture with the Oman Investment Authority to establish facilities in Oman to produce mushroom-based protein using dates as the primary ingredient.
MycoTechnology Inc is a leading US food biotechnology company that produces alternative proteins and sugar reduction ingredients. MycoTechnology has successfully established its fermentation technology platform producing a variety of ingredients which address some of the global food industry’s most pressing challenges. OIA and MycoTechnology will establish ‘Vital Foods Technologies’ (as a joint venture company) for the purpose of undertaking the project in Oman
AMJ’s Commercial team advised MycoTechnology on all aspects of the project, which is initially estimated to be worth between USD 30 to 50 million.
The AMJ team comprised of Mansoor J. Malik, Senior Partner and Zarrar Mir, Associate.