Polaris International Industrial Parks has signed contracts with three multinational and local companies to invest in the first phase of a new industrial zone in Sadat City, Assistant Manager Bassel Shoeira told Amwal Al Ghad. The company aims to begin developing the land plots within the coming three months, he said. Polaris is also in talks with a further five companies in the food sector, including two multinationals, that it expects to sign contracts before the end of the year.