INDUSTRY-

Polaris Parks eyes expansion in Egypt: Industrial real estate developer Polaris Parks is nearing agreements to develop a total of 3.5 mn sqm across two sites in the new capital and Sadat City, General Manager Bassel Shoirah told EnterpriseAM. The company expects the new industrial zones to attract investments exceeding USD 5 bn. Polaris plans to finalize the contracts in 3Q 2025.

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Focus sectors: The new zone will target high-value industries including engineering, textiles, chemicals, and building materials, Shoirah added.

Bigger ambitions: Polaris has earmarked EGP 6 bn for its new capital project and EGP 4.5 bn for the first phase of its New October City development, where construction began this year with completion targeted within two years.

MANUFACTURING-

Supreme Holding is planning to invest EGP 1 bn in a chemicals project in the Suez Canal Economic Zone, Chairman Moharram Helal told Al Arabiya. The company will partner with two unnamed local investors for the project and is in discussion to secure funding from three local banks to finance 60% of the project’s total investment ticket. The firm is also planning to invest USD 5 mn to open a butane cylinder plant in Angola within the next three months at most.

PHARMA-

EGX-listed pharma firm Rameda has acquired two products in the central nervous system (CNS) and pain management segments, marking its first acquisitions of the year, the pharma player said in a press release(pdf). The products target major depressive disorders, anxiety, neuropathic pain, and generalized anxiety disorder — therapeutic areas with a combined market value of over EGP 1.3 bn and a three-year CAGR exceeding 25%.

More acquisitions on the horizon: “This transaction represents a first step in our acquisition strategy for 2025,” said COO and CFO Mahmoud Fayek, adding that Rameda remains actively engaged in pursuing additional acquisitions to drive sustainable growth and enhance shareholder value.

DEBT-

CIB inked a EGP 963 mn loan agreement with Orascom Investment Holding’s OSL for the Giza Pyramids sound and light overhaul, the bank said in a statement seen by EnterpriseAM. The medium-term credit facility is part of Orascom Investment Holding’s larger project to revamp the plateau and improve the visitor experience.

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