Jai Dadi Group to invest USD 16 mn to set up Sinai ferro-alloys plant in Egypt

Indian manufacturer Jai Dadi Group has inked a USD 16 mn agreement with the Suez Canal Economic Zone (SCZone) to build a ferro-alloys facility in East Ismailia’s Technology Valley of Egypt, as per a press release. The Nile Ferro Alloys plant will manufacture alloys for infrastructure, heavy engineering and rail components. It is the fourth project in the Technology Valley zone, lifting cumulative investments to USD 59 mn and employment to 1k jobs.

The pact adds to a gradual pipeline of Indian industrial investments in Egypt’s strategic Suez manufacturing corridor. This is the third Indian industrial project to anchor in the SCzone since February, following the Volkov Infra and Willow Ferro projects.

Why this matters: Egypt is actively courting Indian investors for the SCZone, proposing a dedicated Indian industrial zone. Egypt plans to offer tailored incentives to attract clusters of Indian firms in renewables, heavy industries, automotive, and AI. In an exclusive interview earlier this month, Egypt's Ambassador to India, Kamel Zayed Galal, outlined plans to expand bilateral trade to USD 12 bn and efforts to attract these Indian investors.