First Companies to Produce at Oman’s Ladayn Polymer Park
Global integrated energy group OQ announced that three companies, representing a combined investment of $42 million, will start operations at Oman’s Ladayn Polymer Park in early 2025.
Set to begin production in the first quarter of 2025, Madayn Plastic Company (Mapco), an Omani firm, invested $8 million to become the nation’s first company to produce form fill seal (FFS) bags.
Germany’s MAK Sohar has committed $11 million to a facility in the Sohar Free Zone and plans to start production in the second quarter of 2025 focusing on TPE and engineering compounds for polymer manufacturers.
Also preparing for production in the second quarter of 2025 is Multibond Metal, a Chinese-Indian joint venture that made a $23 million investment to Ladayn Polymer Park to focus on advanced polymer solutions for heat resistance and surface protection.
Located in Sohar Industrial City, Oman, the Park spans an area of more than 1 million m2, and is a joint initiative between OQ, the Public Establishment for Industrial Estates (Madayn), the National Program for Investment and Export Development (Nazdaher) and the Ministry of Commerce, Industry, and Investment Promotion.
Since its inception, Ladayn Polymer Park has secured 16 agreements valued at almost $155 million. These agreements span diverse applications in packaging, construction, and advanced polymer solutions, reflecting the park’s strategic importance in reducing Oman’s reliance on imports and bolstering local manufacturing capabilities.
