Page 17 - OQ PR REPORT - FEBRUARY 2025

2/11/25, 8:52 AM Ladayn Polymer Park to start production in early 2025
but also positioning Oman as a regional hub for innovation and sustainability in the polymer
industry,” said Sadiq Hassan al Lawati, Managing Director of OQ Marketing.

Set to begin production in Q1 2025, Madayn Plastic Company (MAPCO), an Omani pioneer,
has invested $8mn to become the first company in the country to manufacture Form Fill Seal
(FFS) bags. MAPCO is expected to play a key role in enhancing Oman’s self-sufficiency in the
plastics sector, marking a significant step towards building a robust domestic manufacturing
ecosystem.

Bringing international expertise to the park is MAK Sohar, a German company renowned for its
high-performance chemical solutions in the automotive, construction, agriculture, and
healthcare sectors. Leveraging cutting-edge machinery and collaborating with local contractors,
MAK Sohar has committed $11mn to establishing a state-of-the-art facility in the Sohar Free
Zone. The facility will commence production in Q2 2025, focusing on thermoplastic elastomers
(TPE) and engineering compounds to meet the evolving needs of polymer manufacturers.

Also preparing for production in Q2 2025 is Multibond Metal Company, a Chinese-Indian joint
venture that has made a landmark $23mn investment in Ladayn Polymer Park. The company
will focus on advanced polymer solutions for heat resistance and surface protection, positioning
Oman as a regional leader in cutting-edge polymer applications.

“Our partnerships with investors like MAPCO, MAK Sohar, and Multibond Metal highlight the
strategic importance of Ladayn Polymer Park in the region. Through initiatives such as these,
we are creating an integrated ecosystem that supports value-added manufacturing, addresses
global challenges, and enhances Oman’s industrial capabilities,” said Mundhar al Rawahi,
Ladayn Park Programme Leader.

To drive growth and enhance operational efficiency, the companies have established supply
contracts with OQ, ensuring consistent access to high-quality raw materials at competitive
prices. The availability of raw materials, combined with Sohar Port’s strategic geographical
advantage and the economic incentives of the Sohar Freezone, has made Ladayn Polymer
Park an ideal location for companies looking to expand in the region.

“We are strategically positioned with access to emerging markets in West Asia and Africa. In
addition, the park’s bespoke incentives, advanced infrastructure, and dependable raw material
supply from OQ create a thriving environment for businesses to succeed,” Lawati added. “We
look forward to welcoming more investors and partners to the park in 2025.”

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