Ladayn Polymer Park Attracts $220M in Global Investments: What This Means for Oman’s Business Landscape
MUSCAT: The Ladayn Polymer Park project, a strategic initiative aimed at developing Oman’s domestic plastics industry downstream of OQ Plastics’ extensive polymer complex at Sohar Port, has attracted investments totaling $220 million to date. The first projects are expected to commence operations before the end of this year.
A collaborative effort between the state-owned energy group OQ and the Public Establishment for Industrial Estates (Madayn), Ladayn’s investment potential was prominently showcased at the 23rd International Trade Fair for Plastics and Rubber held recently in Düsseldorf, Germany. Known as K 2025, this fair is recognized as the world’s premier event for the plastics and rubber sectors.
Ladayn’s Marketing Team highlighted the project’s rapid progress, stating, “What began as a concept at K 2022 has now become a reality at K 2025. This success is a testament to our vision alongside the dedication and collaboration of our valued stakeholders.”
Launched in 2023, Ladayn Park has swiftly become a prime destination for investors and converters focusing on advanced applications and sustainability. Situated near OQ Plastics’ $7 billion complex, the park represents Oman’s first integrated polymer-to-product industrial ecosystem, purpose-built to support sophisticated manufacturing aimed at high-value markets.
Sadiq Hassan Al Lawati, Managing Director of OQ Marketing, emphasized the project’s quick transformation from concept to operational reality. “In just two years, we have drawn investors globally and created a platform focused on high-value, sustainable applications. This offers converters an opportunity to scale up in markets where demand is expanding and prospects are considerable,” he said.
At K 2025, Ladayn’s marketing team promoted the park’s strengths as a center for premium, value-added sectors such as advanced packaging, healthcare and hygiene products, and specialized compounds for automotive and appliance industries—areas with strong demand but limited regional production capacity. This creates a unique opportunity for European and other international converters to enter a market with relatively low regional competition.
Out of 26 investment agreements secured so far, approximately 10 were finalized in 2025 alone. The park’s investor base is diverse, featuring companies from Germany, Italy, India, China, Turkey, and Egypt, alongside several Omani firms. Notably, Germany’s MAK Sohar has committed $11 million for a project expected to commence production in 2025, with plans to develop a large PET plant on the same site.
Additional commitments include an Italian investment by Jcoplastic focused on specialized conversion, as well as a joint venture between Indian and Chinese partners. These ventures reinforce Oman’s reputation as a stable and dependable hub for high-value industrial manufacturing.
Supporting sustainability objectives, several local companies are integrating recycled materials into their product lines, producing items such as industrial crates, pallets, and water storage systems. This trend is opening further opportunities for investment in Oman’s emerging circular economy.
Ladayn Polymer Park thus stands out as a pivotal player in advancing Oman’s industrial diversification, sustainability, and growth in the plastics sector.
Special Analysis by Omanet | Navigate Oman’s Market
The Ladayn Polymer Park project represents a strategic leap for Oman’s downstream plastics industry, attracting $220 million in investments and positioning the Sultanate as a hub for advanced, sustainable manufacturing. For businesses, this signals significant opportunities in high-value sectors like packaging, healthcare, and automotive, with relatively low regional competition. Smart investors and entrepreneurs should focus on leveraging Oman’s integrated polymer ecosystem and sustainability trends, particularly in recycling and circular economy ventures, to capitalize on growing global demand and Oman’s rising industrial appeal.
