Polaris Parks was officially launched in January, 2008 by the Turkish president, Abdullah Gul, as the first initiative of its kind in Egypt, both as a private industrial park and as a large-scale joint collaboration between Turkey and Egypt, aiming to enhance the competitive edge of both countries in order to enable them to penetrate global markets.
Industrial Parks are areas with necessary infrastructure dedicated to attract different types of investors to start or move them business to be inside the place.
Industrial Parks aim to ensure that industrial activities are carried out in appropriate places as well as the other activities and services. To be able to attract new business by providing an integrated infrastructure in one location. To set aside industrial uses from urban areas to try to reduce the environmental and social impact of the industrial uses & to provide for localized environmental controls that are specific to the needs of an industrial area.