Industrial real estate developer Polaris Parks plans to establish a new EGP 2.5 bn industrial zone in Sadat City, General Manager Bassel Shoirah told EnterpriseAM. The General Authority for Industrial Development has allocated a 1.1 mn sqm site for the project, which will house mixed-use facilities, from engineering and food industries to warehousing and medical projects, Shoriah told us.

(Tap or click the headline above to read this story with all of the links to our background as well as external sources.)

The zone is expected to draw some USD 1 bn in investments and will be developed over three years.

This comes as no surprise: The project is part of Polaris Parks’ broader strategy to develop 3.5 mn sqm across two sites — one in Sadat City and another in the new capital. Shoirah has previously told us that the company expects these new zones to collectively attract over USD 5 bn in investments.

Polaris Parks is no stranger to Sadat City, with prior experience developing there, Shoirah said, adding that the developer sees this project as an expansion.

What the new zone will offer: Polaris will offer ready-built units, a warehousing and logistics hub, and facility management and operational services in its new Sadat City zone. In line with sustainability goals, part of the project’s electricity needs will be supplied via solar power.

We have an idea who could be interested: The developer has recently seen increased interest from Chinese and Turkish manufacturers seeking to de-risk their supply chains by establishing a presence in Egypt, especially as geopolitical tensions and US tariffs push companies to relocate from China, Shoirah previously told us. Polaris is currently working with the government to direct investment to priority sectors, particularly those that contribute to import substitution.

Tags: