{"id":611837,"date":"2023-12-13T00:00:00","date_gmt":"2023-12-13T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/"},"modified":"2023-12-13T00:00:00","modified_gmt":"2023-12-13T00:00:00","slug":"polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/","title":{"rendered":"Polaris Parks earmarks EGP 6 bn for New October City industrial zone"},"content":{"rendered":"

Polaris Parks is getting serious about its New October industrial zone:<\/strong> Industrial real estate developer Polaris Parks has allocated EGP 6 bn (USD 194 mn) to establish an industrial zone<\/a> in New October City, the company\u2019s general manager Bassel Shoirah told Al Arabiya<\/a>. <\/p>\n

What\u2019s next: <\/strong>The company has made an advanced payment for the land to the New Urban Communities Authority and will break ground on the first phase of the project in January after it receives the land.<\/p>\n

Polaris has ambitious investment targets: <\/strong>The company wants to attract USD 1.5 bn in investment into the zone from local and foreign businesses over the coming three years.<\/p>\n

Keeping it smart: <\/strong>Polaris is one of several Egyptian companies jumping onto the bandwagon of smart industrial parks<\/a> \u2014 clusters of factories and plants built on the principles of sustainability, integration, resource efficiency, and waste reduction.<\/p>\n","protected":false},"excerpt":{"rendered":"

Polaris Parks is getting serious about its New October industrial zone: Industrial real estate developer Polaris Parks has allocated EGP 6 bn (USD 194 mn) to establish an industrial zone in New October City, the company\u2019s general manager Bassel Shoirah told Al Arabiya. What\u2019s next: The company has made an advanced payment for the land […]<\/p>\n","protected":false},"author":1,"featured_media":611838,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[72,8514,125,131,2763],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-611837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-industrial-zones","tag-investment-watch","tag-manufacturing","tag-polaris-parks","wpautop","entry"],"acf":{"mongo_id":"825527bd-5f30-402e-9e80-8f5240ea4e2e","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/12\/868.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Polaris Parks earmarks EGP 6 bn for new industrial zone in Egypt","related_issue":[611828],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2023\/12\/.7a4103d2-52f7-403c-b30d-f2daa06de193.mp3"},"yoast_head":"\nPolaris Parks earmarks EGP 6 bn for New October City industrial zone - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Polaris Parks earmarks EGP 6 bn for New October City industrial zone\" \/>\n<meta property=\"og:description\" content=\"Polaris Parks is getting serious about its New October industrial zone: Industrial real estate developer Polaris Parks has allocated EGP 6 bn (USD 194 mn) to establish an industrial zone in New October City, the company\u2019s general manager Bassel Shoirah told Al Arabiya. What\u2019s next: The company has made an advanced payment for the land […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2023-12-13T00:00:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/868.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Polaris Parks earmarks EGP 6 bn for New October City industrial zone\",\"datePublished\":\"2023-12-13T00:00:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/\"},\"wordCount\":152,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2023\/12\/868.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"Industrial zones\",\"investment watch\",\"Manufacturing\",\"Polaris Parks\"],\"articleSection\":[\"Manufacturing\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2023\/12\/13\/polaris-parks-earmarks-egp-6-bn-for-new-october-city-industrial-zone\/\",\"name\":\"Polaris Parks earmarks EGP 6 bn for New October City industrial zone - 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