Focused on producing cutting-edge plastic packaging films, this project aligns seamlessly with Oman Vision 2040, aiming to foster a competitive and diversified economy.
Issam Chaaya, VP for Chemicals & Petrochemicals, Highlights Vision:
Issam Chaaya emphasized Napco National’s commitment to Oman’s economic goals, positioning the new plant within the Ladayn Polymer Park in Suhar Industrial City. With over 70 years of global manufacturing experience, Napco National aims to contribute to Oman’s growing petrochemical industry, positively impacting the trade balance and providing strong returns for stakeholders.
Strategic Location and ICV Contribution:
The strategic placement within the supply chain ecosystem of Ladayn Polymer Park underscores the project’s significance. Beyond economic contributions, the initiative aligns with Oman’s In-Country Value (ICV) strategy, anticipating an annual injection of USD 46 million into the local economy.
Job Creation and Skill Development:
Napco National’s investment is not just about business; it’s a commitment to job creation and skill development. The project is expected to generate direct job opportunities, contributing to Oman’s vision of a diversified and skilled labor market.
Global Expertise Meets Local Development:
Bringing decades of global expertise, Napco National seeks to transfer knowledge and skills to the local workforce. This investment is a testament to the company’s dedication to supporting Oman’s industrial growth.
Conclusion:
Napco National’s strategic investment is set to play a pivotal role in Oman’s journey towards economic diversification. Focused on sustainability, innovation, and local development, this partnership marks a significant milestone in shaping Oman’s competitive industrial landscape.