OQ Group has reached a major milestone at Ladayn Polymer Park. Three pioneering companies will move from construction to production in early 2025, marking a key step in making Oman a hub for industrial innovation and sustainability in polymer manufacturing.
The combined $42 million investment includes one Omani company and two international firms, demonstrating Ladayn Polymer Park’s global appeal. The park is rapidly evolving as a strategic site, aiming to reduce Oman’s reliance on imports and strengthen local manufacturing.
Progress at Ladayn Polymer Park
Since its start, Ladayn Polymer Park has secured 16 agreements worth $155 million. These agreements focus on packaging, construction, and advanced polymers, underscoring the park’s importance in boosting Oman’s self-sufficiency.
Sadiq Hassan al Lawati, Managing Director of OQ Marketing, said, “This milestone shows Ladayn Polymer Park’s potential to foster local manufacturing, create jobs, and fuel Oman’s economic growth. Producing plastic products locally will cut imports and make Oman a regional leader in polymer innovation and sustainability.”
Companies Leading the Change
Madayn Plastic Company (MAPCO), an Omani pioneer, will invest $8 million to manufacture Form Fill Seal (FFS) bags, making it the first company in Oman to do so. The company will begin production in Q1 2025, strengthening Oman’s plastic sector and contributing to the domestic manufacturing ecosystem.
MAK Sohar, a German company, will bring expertise in chemical solutions for automotive, construction, agriculture, and healthcare sectors. With $11 million invested, the company plans to start production of thermoplastic elastomers (TPE) and engineering compounds in the Sohar Free Zone by Q2 2025.
Multibond Metal Company, a Chinese-Indian joint venture, has invested $23 million to focus on advanced polymer solutions for heat resistance and surface protection. They will begin production in Q2 2025, positioning Oman as a leader in specialized polymer applications.
Strategic Role of Ladayn Polymer Park
Mundhar al Rawahi, Ladayn Park Programme Leader, emphasized the importance of these investments in building an integrated ecosystem to boost value-added manufacturing, tackle global challenges, and enhance Oman’s industrial capabilities.
“Our partnerships with MAPCO, MAK Sohar, and Multibond Metal highlight the park’s regional importance,” said al Rawahi. “We are creating an ecosystem that supports manufacturing and strengthens Oman’s industrial capabilities.”
The park has also secured supply contracts with OQ to ensure a reliable supply of high-quality raw materials. With its location near Sohar Port and the economic incentives of the Sohar Free Zone, Ladayn Polymer Park is an ideal spot for businesses looking to expand in the region.
Oman’s Strategic Advantage
Ladayn Polymer Park offers companies access to emerging markets in West Asia and Africa, along with advanced infrastructure, incentives, and a steady supply of raw materials.
“We are well-positioned for success in West Asia and Africa. The park’s infrastructure, incentives, and reliable raw material supply create a thriving business environment,” said Sadiq Lawati. “We look forward to attracting more investors in 2025.”
A Bright Future Ahead
Ladayn Polymer Park continues to play a crucial role in Oman’s economic transformation. It supports industrial diversification and self-sufficiency. The park’s growth will bring new jobs, boost technological capabilities, and drive sustainable growth.
Oman’s Vision 2040 aligns with these developments, positioning the country as a leader in industrial innovation and sustainability.
