{"id":668019,"date":"2025-07-08T00:00:00","date_gmt":"2025-07-08T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/08\/polaris-parks-will-soon-acquire-two-new-plots-to-set-up-industrial-zones\/"},"modified":"2025-07-08T00:00:00","modified_gmt":"2025-07-08T00:00:00","slug":"polaris-parks-will-soon-acquire-two-new-plots-to-set-up-industrial-zones","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/08\/polaris-parks-will-soon-acquire-two-new-plots-to-set-up-industrial-zones\/","title":{"rendered":"Polaris Parks will soon acquire two new plots to set up industrial zones"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">INDUSTRY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>Polaris<\/strong><strong> Parks eyes expansion in Egypt:<\/strong> 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.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">(<strong>Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Focus sectors:<\/strong> The new zone will target high-value industries including engineering, textiles, chemicals, and building materials, Shoirah added.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Bigger ambitions:<\/strong> Polaris has earmarked EGP 6 bn for its new capital project and EGP 4.5 bn for the first phase of its <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/825527bd-5f30-402e-9e80-8f5240ea4e2e\/%253cmark%253epolaris-parks%253c%2Fmark%253e-earmarks-egp-6-bn-for-new-october-city-industrial-zone\" style=\"\" rel=\"noopener\">New October City development<\/a>, where construction began this year with completion targeted within two years. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">MANUFACTURING-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Supreme Holdi<\/strong><strong>ng is planning to invest EGP 1 bn in a chemicals project in the Suez Canal <\/strong><strong>Economic Zone<\/strong>, Chairman Moharram Helal told <a target=\"_blank\" href=\"https:\/\/www.alarabiya.net\/aswaq\/exclusive\/2025\/07\/07\/%D8%B3%D9%88%D8%A8%D8%B1%D9%8A%D9%85-%D8%A7%D9%84%D9%82%D8%A7%D8%A8%D8%B6%D8%A9-%D8%AA%D8%B9%D8%AA%D8%B2%D9%85-%D8%A7%D8%B3%D8%AA%D8%AB%D9%85%D8%A7%D8%B1-%D9%85%D9%84%D9%8A%D8%A7%D8%B1-%D8%AC%D9%86%D9%8A%D9%87-%D9%81%D9%8A-%D9%85%D8%B4%D8%B1%D9%88%D8%B9-%D9%83%D9%8A%D9%85%D8%A7%D9%88%D9%8A%D8%A7%D8%AA-%D8%A8%D9%80%D8%A7%D9%82%D8%AA%D8%B5%D8%A7%D8%AF%D9%8A%D8%A9-%D9%82%D9%86%D8%A7%D8%A9-%D8%A7%D9%84%D8%B3%D9%88%D9%8A%D8%B3\" style=\"\" rel=\"noopener\">Al Arabiya<\/a>. 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\u2019s 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">PHARMA-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>EGX-listed pharma firm Rameda has acquired two products <\/strong>in the central nervous system (CNS) and pain management segments, marking its first acquisitions of the year, the pharma player said in a <a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/434.pdf\" style=\"\" rel=\"noopener\">press release<\/a><a target=\"_blank\" href=\"https:\/\/ent.news\/2025\/7\/434.pdf\" style=\"\" rel=\"noopener\">(pdf)<\/a>. The products target major depressive disorders, anxiety, neuropathic pain, and generalized anxiety disorder \u2014 therapeutic areas with a combined market value of over EGP 1.3 bn and a three-year CAGR exceeding 25%.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More acquisitions on the horizon:<\/strong> \u201cThis transaction represents a first step in our acquisition strategy for 2025,\u201d said COO and CFO Mahmoud Fayek, adding that Rameda remains actively engaged in pursuing additional acquisitions to drive sustainable growth and enhance shareholder value.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">DEBT-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>CIB inked <\/strong><strong>a EGP 963 mn loan agreement with Orascom Investment Holding\u2019s OSL for the Giza <\/strong><strong>Pyramids <\/strong><strong>sound and light overhaul<\/strong>, the bank said in a statement seen by EnterpriseAM. The medium-term credit facility is part of Orascom Investment Holding\u2019s larger project to revamp the plateau and improve the visitor experience.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>PLUS- Supreme Holding is planning to invest EGP 1 bn in a chemicals project in the Suez Canal Economic Zone<\/p>\n","protected":false},"author":1,"featured_media":668020,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7209],"tags":[111,240,7106,72,131,618,2763,8319],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-668019","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-also-on-our-radar","tag-also-on-our-radar","tag-cib","tag-debt","tag-enterpriseam","tag-manufacturing","tag-orascom-investment-holding","tag-polaris-parks","tag-supreme-holding","wpautop","entry"],"acf":{"mongo_id":"15440265-769f-4e17-ab80-b4ab98c3e2f9","order":"12","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/8\/924.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Polaris Parks will soon acquire two new plots to set up industrial zones","related_issue":[667999],"teaser":"PLUS- Supreme Holding is planning to invest EGP 1 bn in a chemicals project in the Suez Canal Economic Zone","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.0d4bbe3c-dd53-47f4-b063-7910a2aa61b2.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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What\u2019s next: The company has made an\u2026","rel":"","context":"In &quot;Manufacturing&quot;","block_context":{"text":"Manufacturing","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/manufacturing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/12\/868.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":593539,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/01\/polaris-parks-signs-contracts-with-three-companies-for-sadat-city-industrial-zone\/","url_meta":{"origin":668019,"position":2},"title":"Polaris Parks signs contracts with three companies for Sadat City industrial zone","author":"enterpriseam admin","date":"1 October 2019","format":false,"excerpt":"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. 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