The Sultanate of Oman, represented by OQ Group, has signed 11 new investment agreements with local, regional and international companies under the plastics industry programme, with total investments exceeding RO 27 million.
These agreements raise the cumulative investment value of the programme to more than RO 85 million, reinforcing Oman’s drive to expand downstream industries and maximise in-country value.
The agreements were signed on the sidelines of OQ Group’s participation in the 19th Annual Forum of the Gulf Petrochemicals and Chemicals Association (GPCA), held in Manama, Kingdom of Bahrain.
The projects focus on polymer manufacturing and plastic conversion industries, which are central to strengthening industrial integration and economic diversification.
The initiative forms part of the “Ladayn” programme, implemented in partnership by OQ Group, the Public Establishment for Industrial Estates (Madayn) and the Public Authority for Special Economic Zones and Free Zones, with support from the Ministry of Commerce, Industry and Investment Promotion.
The programme aims to redirect locally produced polymers towards higher value-added products, expand Oman’s downstream manufacturing base and build resilient national value chains.
A key competitive advantage of the programme lies in the availability of locally produced polymers, particularly polyethylene and polypropylene supplied by the OQ Polymer Complex in Suhar.
The complex converts Omani natural gas into high-demand industrial products, providing downstream manufacturers with long-term supply stability, transparent pricing and efficient logistics, while enhancing the overall competitiveness of the sector.
As part of the latest agreements, Madayn signed five contracts to establish new projects in its industrial cities, while the Salalah Free Zone signed three agreements covering the establishment of factories within the zone.
These projects are expected to support SME growth, generate specialised employment opportunities and strengthen industrial clusters dedicated to plastics and polymer-based manufacturing.
Ashraf bin Hamad al Maamari, CEO of OQ Group, said the agreements reflect the Group’s long-term investment strategy focused on transforming national plans into practical industrial projects with direct economic impact.
He explained that through the “Ladayn” programme, polymers are being repositioned from basic industrial outputs into a key driver of an integrated production ecosystem capable of attracting quality investments and supporting export-oriented industries.
For his part, Engineer Dawood bin Salem al Haddabi, CEO of Madayn, said the agreements underscore the success of the plastics industry programme in its early years, noting that the “Ladayn” plastics complex in Suhar Industrial City has witnessed strong growth driven by rising local and regional demand.
He added that total investments since the programme’s launch stand at around RO 33.7 million, with more than 181,000 square metres leased and 19 projects currently operational, under construction or recently awarded. — ONA
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