India’s Jai Dadi Group has officially broken ground on its USD 16 mln Nile Ferro Alloys project in the East Ismailia Industrial Zone (Technology Valley) within Egypt’s Suez Canal Economic Zone (SCZONE).
The project will be developed on an 80,000-square-meter site and is expected to create around 300 direct jobs. The plant will produce silico-manganese, manufacture intermediate iron products from steel scrap, and process ferro-alloys for use in the infrastructure, heavy engineering and railway industries.
Chairman of SCZONE, Waleed Gamal El-Din, said that Technology Valley is being developed as a specialized industrial hub for construction materials and ferro-alloys, supporting Egypt’s domestic industrial development while expanding exports to regional and international markets. He also announced that several industrial and logistics projects in the Sokhna and Qantara zones are scheduled to be inaugurated during the second half of 2026.
As previously reported by MESTEEL, SCZONE signed the investment agreement with Jai Dadi Group in January 2026. The Kolkata-based company is an Indian manufacturer best known for supplying railway track components and is expanding its presence in Egypt through the Nile Ferro Alloys project.