India’s Jai Dadi Group has partnered with the Suez Canal Economic Zone (SCZONE) to build a new metal alloys facility in Egypt.

Named Nile Ferro Alloys LLC, the US$16 million project occupies 80,000 square meters in East Ismailia’s Technology Valley. The plant will produce ferro-silico-manganese and processed iron alloys for the railway, heavy engineering, and infrastructure sectors.

This agreement adds 300 direct jobs to the region. SCZONE Chairman Walid Gamal El-Din said that this is the fourth project in the Technology Valley cluster, bringing total investments there to US$59 million and creating a total 1,000 direct jobs.