Polaris Parks for Industrial Development, a leading developer of industrial parks Egypt, has announced the acquisition of a new 1.1 million square meter land plot in a strategic location in Sadat City. This strategic expansion is expected to attract direct investments of approximately USD 1 billion, while creating around 15,000 direct and indirect job opportunities. This move reflects the company’s long-term vision to empower the industrial sector and further solidify its position as a key contributor to the development of Sadat City as a fully integrated industrial hub.
This acquisition represents a natural extension of “Al Sadat City Industrial Park” model, developed by Polaris Parks across an area of 1.4 million square meters, which currently hosts around 100 factories. Located approximately 2.5 kilometers from the existing park, the newly acquired land enables closer operational integration between the two projects. “Al Sadat City Industrial Park” has successfully attracted significant local and international investments, reinforcing the city’s position as a prime destination for industrial investment. The new expansion will be developed according to a phased execution timeline designed to ensure the highest efficiency standards, with full completion by January 2028, offering investors a future-ready and fully integrated industrial environment.
Commenting on the expansion, Osman Evren Arikan, Managing Director of Polaris Parks, stated: “This acquisition marks a new chapter in Polaris Parks’ growth journey, built around the concept of ‘integrated industrial communities’ designed to support long-term investment and create real economic value, rather than merely providing construction land.” He added: “Our vision is centered on being a trusted partner for investors by delivering comprehensive development solutions based on strategic planning and effective execution, ensuring sustainable industrial growth and greater resilience in the face of economic changes. This approach also paves the way for our future expansion plans, particularly in real estate development.”
For his part, Eng. Basil Shaira, General Manager of Polaris Parks, commented: “What we have achieved at Al Sadat City Industrial Park reflects our philosophy of developing industrial communities that are operationally ready from day one, supported by robust infrastructure and integrated services that meet investors’ needs.” He added: “The new acquisition directly responds to the growing demand from industrial investors for well-planned developments built on clear standards, enhancing investment readiness, improving operational efficiency, and supporting manufacturers’ sustainable growth plans.”
With nearly 20 years of experience, Polaris Parks has developed a diversified portfolio of industrial projects across four key regions in Egypt. These include its flagship projects including Polaris International Industrial Park and Polaris Al Zamil Industrial Park in 6th of October City, Polaris Sadat City Industrial Park, and Polaris New October in New October City. Collectively, these developments span more than 10 million square meters, hosting over 600 factories, in addition to 450 units dedicated to small and medium-sized enterprises.
Polaris Parks’ projects have attracted cumulative investments exceeding USD 3.5 billion and generated more than 85,000 direct and indirect job opportunities, reinforcing the industrial sector’s role as a key driver of economic growth. This expansion aligns with national efforts to deepen industrial activity, enhance the competitiveness of local production, and create sustainable employment opportunities, in line with Egypt’s plans to increase the industrial sector’s contribution to the national economy through 2030.
It is worth noting that Polaris Parks is among the first companies to introduce the private industrial parks model in Egypt. Since 2007, the company has been developing integrated industrial communities based on long-term planning and sustainable infrastructure, strengthening industrial investment readiness and supporting the sector’s long-term growth.
