Polaris International Industrial Parks (PIIP)
PIIP has established and signed the 1st licensing agreement with the Industrial Development Authority (IDA) on 02/10/2007 with an area of 2 Million m². PIIP is the first and foremost industrial development companies not only in Egypt but also in the region partnered by SIAC Holding and Mr. Mohamad Kassem with Polaris Dis Yatirimlar of Turkey.
PIIP aiming to benefit the experience of the Public – Privet partnership to enable Egyptian economy play a stronger role in global markets. PIIP offers outstanding infrastructure, supported with quality services through professional teams and continuous support to manage customer needs.
This first project, on an area of 2.000.000 m² of land, was completed and successfully sold out to multinational and local investors within 3 years from its inception. Numerous reputable local and multinational companies, such as Procter&Gamble, General Motors-Mansour Automotive, Scip, Juhayna, Edita and Holdipharma & many other investor invested in the park.
The park was professionally planned to encompass lands for industrial and non-industrial use, where also it is decided to establish a large Logistics Hub to serve 6th of October city as a whole. Additionally, some of the plots of land are available with a standard building, to encourage SME’s and individual investors to initiate their business by easing their startup process.
Furthermore, the park is planned to include a commercial and office area. First of these buildings was constructed for administration use, where the ground floor will be hosting a Business Center, shops, a show room, a bank, and a Conference Hall with a capacity of 150 person. Conference Hall will be available year-round upon the needs of the investors/tenants and businessmen.