Oman Investment Authority and MycoTechnology Inc. have formed a joint venture to produce mushroom-based protein. The firms will collaborate on building a production facility to scale up this novel source of nutritious protein.

Oman Investment Authority is Oman’s sovereign wealth fund. MycoTechnology creates products from mushroom mycelia for the food industry. 

Alan Hahn, MycoTechnology CEO, commented, “MycoTechnology is excited to be co-operating with Oman Investment Authority to build this highly innovative food oasis in the desert. It represents a breakthrough in the quest to bring food security to Oman and the wider region. We are foraging for the future, unlocking the ancient power of culinary mushrooms to feed the world’s growing population with a solution that’s been beneath our feet all along.”