Local developer Polaris International Industrial Parks is currently in talks with Egypt’s Ministry of Housing to obtain land at the new Capital City scheme.

According to a company spokesperson, Polaris is looking to develop an industrial project in the proposed capital city.

The size of land for the Polaris Al-Zamil Industrial Park (PZIP) is unclear although the company said that it is looking for others to invest in the scheme.

Polaris International Industrial Parks was established in 2008 by former Turkish president Abdullah Gul.

In November MEED reported that he US’ Hill International is understood to be in negotiations with the Egyptian Armed Forces Engineering Authority to take part in the country’s new administrative Capital City project.

According to sources close to the scheme, the firm could soon be appointed as the schemes project manager as the authorities look to press ahead with the proposed $45bn new Capital City.

Earlier this year Egypt’s Ministry of Housing, Utilities & Urban Development finalised the founding of a company that will serve as a master developer for the New Capital City project in the country.

Called The Administrative Capital City for Urban Development, the firm will manage the proposed administrative capital city project located between Cairo and the Suez Canal region.