POLARIS PARKS has signed the licensing agreement with the Industrial Development Authority (IDA) on 02/07/2009 for the execution of Polaris Al Zamil Industrial Park with an area of 1.1 million m².
PZIP Company is a joint venture between Polaris International Industrial Parks which is a Turkish-Egyptian shareholder structure and Zamil-Holding which is a global investment company based in Saudi Arabia.
The project reflects the same quality in terms of planning, infra structure, available facilities and general services, yet enhanced with the experience of PIIP. Since the signature date until today, PZIP has successfully managed to develop one of the most functional private industrial park developments in Egypt.
As of today one third of the land area have been sold to investors such as Logistica E2E Services, Hayat Egypt, Gulsan Textile and BIM Retailing Markets two of which have started production while the other two are in the process of starting construction. Meanwhile infrastructure works for all remaining phases of this project is going to be finalized by first quarter of 2013.
Polaris Al Zamil has the availabilities of industrial lands ranging from 6.000 to 100.000 m², as well as standard buildings for purchase or rent.