SCZone Secures $25M Deal with India's Willow Ferro for Metal Plant in Sinai

Deal News | Apr 30, 2025 | Zawya

The General Authority for the Suez Canal Economic Zone (SCZone) has signed a $25 million contract with Indian company Willow Ferro to develop a metal industries project in the Technology Valley, located east of Ismailia in Egypt's Sinai region. The facility will cover 40,000 square meters, aiming to produce 36,000 tons of silicon manganese annually and create 120 direct jobs. The plant will initially focus on the production of ferrosilicon and ferrochrome. This project adds to the total investment in the Technology Valley, which now amounts to $42 million across 135,000 square meters, generating 770 direct jobs. SCZone's Chairman Waleid Gamal El-Dein stressed that the organization is committed to attracting international investment by leveraging the area's strategic proximity to Ismailia's new city and essential ports in Sinai.

Sectors

Metal Manufacturing
Economic Zones Development

Geography

Egypt – The project is based in Sinai, Egypt, and is aligned with SCZone's strategic development of the region.
India – Willow Ferro, the Indian firm involved, marks the international collaboration aspect of this investment.

Industry

Metal Manufacturing – The project involves the construction of a metal production facility, particularly in silicon manganese and other ferroalloys.
Economic Zones Development – SCZone is part of an initiative to develop the Technology Valley as a hub for industrial and economic growth.

Financials

$25 million – The contract value for the metal industries project in Technology Valley.
$42 million – Total investments in the Technology Valley region following this contract.

Participants

Name	Role	Type	Description
SCZone	Signing Authority	Government	The General Authority for the Suez Canal Economic Zone is facilitating investment in the Technology Valley.
Willow Ferro	Investor/Developer	Company	An Indian company selected to build and operate the metal production plant.