Page 18 - OQ PR REPORT - FEBRUARY 2025

2/11/25, 8:52 AM PetPack Journal News - Ladayn Polymer Park Set to Begin Production in 2025 with Major Investments

OMAN
Ladayn Polymer Park Set to

Begin Production in 2025 with

Major Investments

Ladayn Polymer Park in Oman is set to commence production in 2025, marking
a significant development in the country’s industrial sector

The park has secured investments totaling nearly USD 155 million across 16 manufacturing
facilities, positioning Oman as a key player in polymer production and reducing reliance on
imports.

Three companies have confirmed the launch of their operations in early 2025, representing a
combined investment of USD 42 million. These include one Omani company and two
international firms, reflecting the park’s appeal to both local and global investors.

Initial Investors and Their Projects
The Madayn Plastic Company (MAPCO), an Oman-based firm, has allocated USD 8 million to
establish the nation’s first Form Fill Seal (FFS) bag production facility. This initiative is expected
to create 20 direct jobs and contribute to the country’s growing plastics sector.
From Germany, M.A.K Sohar is investing USD 11 million in a new production facility within the
Sohar Free Zone. The company specializes in high-performance chemical solutions for
industries such as automotive, construction, agriculture, and healthcare. The facility will focus
on the production of thermoplastic elastomers (TPE) and engineering compounds, with
production slated to begin in Q2 2025.

Additionally, Multibond Metal LLC, a Chinese-Indian joint venture, is committing USD 23 million
to manufacturing advanced polymer solutions for applications such as heat resistance and
surface protection. The project will generate 30 direct jobs, further strengthening Oman’s role
in high-tech polymer production.
Strategic Growth and Industry Impact

The Ladayn Polymer Park is designed to enhance local manufacturing capabilities and
strengthen Oman’s industrial self-sufficiency. The park provides companies with easy access to
raw materials, secured through supply contracts with OQ, as well as logistical advantages
through Sohar Port and the Sohar Free Zone. These factors contribute to cost efficiency and
streamlined production processes.

Sadiq Hassan Al-Lawati, Managing Director of OQ Marketing, emphasized the park’s
significance, stating: “This milestone demonstrates the transformative potential of Ladayn
Polymer Park in fostering local manufacturing, creating jobs, and driving Oman’s economic
growth. By enabling the production of finished plastic products locally, we are not only reducing
our reliance on imports but also positioning Oman as a regional hub for innovation and
sustainability in the polymer industry.”

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