Monday 03 Mar
Minister of the Public Business Sector, Mohamed Shimi, met with a delegation from the Turkish industrial zone development company, Polaris Parks, at the ministry's headquarters in the New Administrative Capital. The delegation, led by Chairman Tunç Özkan, included Managing Director Osman Evren and General Manager Basil Shaaira.
During the meeting, discussions centered on potential cooperation between the ministry's affiliated companies and Polaris Parks in developing and managing industrial zones to international standards. They explored leveraging underutilized land owned by these companies to support small and medium-sized enterprises (SMEs) through innovative solutions.
Minister Mohamed Shimi emphasized that strategic
partnerships with industrial developers and international partners are crucial
to enhancing the state's investment attractiveness. He affirmed the
government's dedication to improving the industrial investment climate and
ensuring streamlined facilities for local and foreign investors.
He pointed out that the ministry plans to leverage
underutilized lands owned by public business sector companies to establish
industrial activities, thereby advancing sustainable industrial development,
boosting local production, and generating employment. This initiative is
central to the ministry's strategy of optimizing the economic value of all
available assets.
The Polaris Parks delegation presented their company's expertise in industrial land development, investment, construction, and management of industrial zones. Established in 2007, they highlighted their contributions to the Egyptian market through projects in 10th of Ramadan, 6th of October, and Sadat, with ongoing expansions in New October and the Administrative Capital. The delegation expressed strong interest in expanding their Egyptian operations and exploring collaboration with the ministry on hotel and tourist resort development projects.
