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.”
Mundhar Al Rawahi, Ladayn Park Program Leader, added: “Our partnerships with investors like MAPCO, M.A.K Sohar, and Multibond Metal LLC highlight the strategic importance of Ladayn Polymer Park in the region. Through initiatives like these, we are creating an integrated ecosystem that supports value-added manufacturing, addresses global challenges, and enhances Oman’s industrial capabilities.”
With its strategic location, advanced infrastructure, and strong investor interest, Ladayn Polymer Park is poised to become a key hub for polymer production in the region. The facility is expected to attract further investment as additional companies join the initiative in the coming years.
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