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Ladayn Polymer Park head Mundhar Al Rawahi told ANBA that the goal of the park is to have process industries locally manufacture plastic finished goods using raw materials from the Oman-based company OQ<\/a> and then sell domestically and across the region. \u201cBy doing this, we will reduce imports of finished plastic products, which will definitely boost the Omani economy, creating more jobs for Omanis and reaching our Vision 2040 targets,\u201d he said, referencing the government\u2019s economic and social development strategy.<\/p>\n\n\n\n Work is being done to promote the park in several different countries, and Brazil is not a random inclusion. Rawahi notes that the choice was driven by the large number of plastic conversion businesses in the country. \u201cWe also believe this will be an opportunity for Brazilian companies to make their way into the Middle Eastern market and benefit from our free trade agreements,\u201d he said regarding Gulf Cooperation Council (GCC) and Arab countries\u2019 agreements as well as nearby markets such as China, India, and Pakistan.<\/p>\n\n\n Available benefits include raw material pricing and rebates, since suppliers are close by, and the ease in getting land in the nearby Madayn industrial area or the Sohar Freezone. \u201cWe provide an incentive package to all investors,\u201d says Rawahi. According to him, Oman is well-known for the low cost of utilities such as electricity and water, a very simple tax structure, and exemptions to investors.<\/p>\n\n\n\n The Ladayn Polymer Park concept was created a year and a half ago, and 16 businesses have joined since, a successful outcome in terms of the region, according to Rawahi. Two of those are already in production, and the remainder are at different stages of their rollouts. The park is a joint venture between several mostly government-run Omani entities and OQ, facilitated by the Omani Ministry of Commerce, Industry and Investment Promotion.<\/p>\n\n\n\n The group was welcomed to the Arab Chamber by president Osmar Chohfi, secretary general Mohamad Orra Mourad, and Institutional Relations analyst Elaine Prates. Rawahi was accompanied by the Business Development managers Sheikha Al Rahbi and Hayat Al Ghassani and the consultant Abdullah Al Saidi. The group had a meeting with the Arab Chamber\u2019s head of International Consulting Karen Mizuta and New Business director Estev\u00e3o Margotti de Carvalho. <\/p>\n\n\n\n Read more: Translated by\u00a0Gabriel Pomerancblum<\/a><\/strong><\/a><\/p>\n![\"Oman-Brazil](\"https:\/\/anba.com.br\/wp-content\/uploads\/2024\/11\/ladayn-oma-2-1024x768.jpeg\")
At the Arab Chamber<\/h2>\n\n\n\n
<\/em>Oman launches its first satellite into space<\/a>
Oman greenlights goats, sheep from Brazil<\/a>