OQ Launches RO 40 Million Ladayn Plastics Projects: Key Opportunities for Investors and Business Growth in Oman
SUHAR, December 17 – OQ Group has officially inaugurated nine new factories under the Ladayn Plastics Industries Programme at Suhar Industrial City. The ceremony was held under the patronage of Shaikh Dr. Ali bin Masoud al Sunaidy, Chairman of the Public Authority for Special Economic Zones and Free Zones (OPAZ). These nine projects, representing an investment of approximately RO 40 million, are part of a larger portfolio comprising 27 projects with total investments exceeding RO 85 million under the Ladayn initiative.
The newly launched factories focus on manufacturing a diverse range of products, including three-layer food packaging containers, packaging bags, dairy and confectionery packaging materials, plastic color masterbatches and compounds, thermoplastics, various plastic and packaging solutions, plastic materials for the medical sector, and polypropylene yarns.
Ashraf al Maamari, Group Chief Executive Officer of OQ, described these projects as pivotal moments in Oman’s development, stating, “These are defining milestones that build confidence and reinforce Oman’s leadership in future industries.”
Al Maamari emphasized that the projects align with national priorities and contribute significantly to economic diversification efforts driven by Oman Vision 2040, which receives strong support from His Majesty Sultan Haitham bin Tarik. He noted, “These factories are not merely production lines; they represent a strategic move to transform petrochemical feedstock into high-value finished products, attract local and foreign investment, and generate lasting positive economic impact.”
Highlighting OQ’s strategic vision, he added, “This initiative maximizes the value of national resources and supports the creation of an integrated value chain. Products from this industrial ecosystem are destined for export to over 80 countries worldwide.”
Al Maamari further underscored the programme’s economic and developmental importance, describing Ladayn as a cornerstone of national development that unlocks investment opportunities in Oman. It also facilitates the adoption of advanced expertise and modern technologies to boost industrial growth while enhancing production efficiency and quality. He remarked, “These factories create not only goods but also jobs, innovation, and a stronger Omani manufacturing presence in regional and global markets.”
The success of the Ladayn Plastics Industries Programme, Al Maamari affirmed, rests on robust institutional collaboration. He credited the seamless integration between public and private sectors, alongside strong cooperation with Madayn, OPAZ (especially SOHAR Port and Freezone and Salalah Free Zone), and the Ministry of Commerce, Industry and Investment Promotion for establishing advanced infrastructure and a competitive investment environment.
He also highlighted the critical role of national support initiatives, noting, “The Oman National Programme for Private Sector & Foreign Trade Development (Nazdaher) was instrumental during the program’s foundational phase, fostering growth in downstream manufacturing industries in Oman.”
Special Analysis by Omanet | Navigate Oman’s Market
OQ Group’s launch of nine new factories under the Ladayn Plastics Industries Programme marks a strategic shift towards high-value manufacturing and economic diversification aligned with Oman Vision 2040. For businesses, this creates opportunities to engage in advanced downstream petrochemical sectors with export potential to over 80 countries, while investors should consider the robust institutional collaboration and supportive infrastructure as catalysts for sustainable industrial growth and innovation in Oman.
