10-02-2025
Ladayn Polymer Park to begin production in 2025
MUSCAT: Ladayn Polymer Park is set to enter a new phase of development as three pioneering companies move from construction to production in early 2025. With a combined investment of $42 million, these firms — one Omani and two international — underscore Oman's ambition to establish itself as a regional leader in plastics manufacturing.
Since its inception, Ladayn Polymer Park has secured 16 agreements worth nearly $155 million, supporting industries in packaging, construction and advanced polymer solutions. This initiative is a major step in reducing Oman's reliance on imports and strengthening local manufacturing capabilities.
"This milestone highlights the transformative role of Ladayn Polymer Park in driving industrial growth, creating jobs and positioning Oman as a hub for polymer innovation and sustainability," said Sadiq Hassan al Lawati, Managing Director of OQ Marketing.
PIONEERING COMPANIES LEADING THE CHARGE
Madayn Plastic Company (MAPCO), an Omani firm, has invested $8 million to establish the country's first production line for Form Fill Seal (FFS) bags. With 20 direct jobs expected, MAPCO's operations will enhance Oman's self-sufficiency in plastic packaging.
MAK Sohar, a German company specialising in high-performance chemical solutions for the automotive, construction and healthcare sectors, has committed $11 million to a cutting-edge facility in Sohar Free Zone. Set to begin production in Q2 2025, the plant will manufacture TPE and engineering compounds, supporting the growing demand for advanced polymer materials.
Meanwhile, Multibond Metal LLC, a Chinese-Indian joint venture, has invested $23 million in advanced polymer solutions for heat resistance and surface protection. This initiative, set to create 30 direct jobs, will solidify Oman's position as a leader in specialised polymer applications.
"Our partnerships with investors like MAPCO, MAK Sohar and Multibond Metal LLC reflect Ladayn Polymer Park's strategic role in the region. We are building an integrated ecosystem that supports value-added manufacturing and enhances Oman's industrial capabilities," said Mundhar al Rawahi, Ladayn Park Programme Leader.
STRATEGIC LOCATION AND FUTURE POTENTIAL
To ensure efficient operations, all three companies have secured supply contracts with OQ, guaranteeing access to high-quality raw materials at competitive prices. Additionally, Ladayn Polymer Park's proximity to SOHAR Port and Freezone provides a logistical advantage for companies expanding into West Asian and African markets.
"With advanced infrastructure, attractive incentives and a steady raw material supply from OQ, Ladayn Polymer Park is the ideal destination for polymer manufacturers. We look forward to welcoming more investors in 2025," added Sadiq al Lawati.
With strong local and international investments, Ladayn Polymer Park is set to redefine Oman's polymer industry, creating new economic opportunities while strengthening the country's position as a regional industrial hub.
