India’s Jai Dadi to invest $16 mln in metal alloys project in Egypt’s Sinai

India’s Jai Dadi Group will invest $16 million to develop a metal alloys project in East Ismailia, Sinai, creating around 300 direct jobs, the Suez Canal Economic Zone (SCZONE) said Thursday.

Dubbed Nile Ferro Alloys LLC, the project covers 80,000 square metres in the Technology Valley in East Ismailia Industrial Area. It will produce ferro-silico-manganese, intermediate iron products from scrap, and processed iron alloys for Egypt’s infrastructure, heavy engineering, and railway industries.

SCZONE Chairman Waleid Gamal El-Dein said the project is the fourth in the industrial cluster in East Ismailia, bringing total investments in the area to $59 million and generating around 1,000 direct jobs.

“The zone is focused on attracting strategic investments and positioning Sinai on the global investment map,” Gamal El-Din said. He highlighted the competitive advantage of SCZONE’s integrated ports, industrial areas, and strategic location linking production hubs with key markets.

Gamal El-Dein added that the zone aims to create fully integrated, sustainable industrial and service communities, including utilities, housing, workforce training centers, healthcare facilities, and educational institutions.

Attribution: Amwal Al Ghad English