Industrial real estate developer Polaris Parks is set to establish a new EGP 2.5 bn (USD 50 mn) industrial zone in Sadat City, General Manager Bassel Shoirah told EnterpriseAM. The development is expected to attract around USD 1 bn in investments and will be delivered over three years.

The details: The 1.1 mn sqm zone in Sadat City — to be allocated by the General Authority for Industrial Development — will offer some ready-built units, a warehousing and logistics hub, and facility management and operational services. The zone will cater to a mix of industries including, engineering, medical, and food processing. In line with sustainability goals, part of the project’s electricity needs will be supplied via solar power.

No surprise here: 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 Administrative Capital. Shoirah previously told us that the company expects these new zones to collectively attract over USD 5 bn in investments in the local market to set up five industrial complexes in Obour, Tenth of Ramadan, Badr City, New Cairo, and Sadat City, Shoirah told Al Arabiya last year.

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.

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.

SOUNDS FAMILIAR? Polaris Parks was set on committing EGP 10.5 bn (c. USD 217 mn) to develop two major industrial parks in Egypt’s New Administrative Capital and New October City back in September 2024.

Tags: