Egypt’s Administrative Capital for Urban Development (ACUD), the master developer of the New Administrative Capital (NAC), and local firm Polaris Parks for Industrial Development have signed an agreement to establish an integrated industrial complex in the NAC, located along Ain Sokhna Road.

Covering 1.8 million square metres, the development is expected to attract more than $120m in direct investment and generate around 15,000 direct and indirect job opportunities, according to a joint statement.

Designed to combine manufacturing with advanced logistics and a range of supporting services, the complex will cater to several sectors, including food industries, engineering, pharmaceuticals, chemicals and cosmetics.

The construction works are expected to begin soon, and the project is slated for completion by 2027.

Founded in 2007, Polaris Parks develops and manages industrial parks across Egypt, with a total portfolio exceeding 10 million square metres.

GlobalData expects the Egyptian construction industry’s output to grow at an average annual rate of 7.4% between 2026 and 2029.

This growth will be driven by investments in housing, renewable energy and transport infrastructure, alongside the government’s target of developing 10GW of renewable energy capacity by 2028.

The industrial construction sector is anticipated to expand by 12.2% in 2025, with robust average annual growth of 9.1% through 2029, driven by investments in manufacturing and rising external demand.