India’s Willow Ferro launches $75 mln industrial investment in Egypt’s Technology Valley
Ambassador of India to Egypt, Suresh Reddy, was joined by Major General Akram Galal, Governor of Ismailia, and Engineer Walid Gamal El-Din, Chairman of the SCZone Authority, alongside representatives from Willow Ferro Alloys India, to inaugurate the project.
The two facilities, which represent a combined investment of USD 75 million, mark the first Indian industrial investments in the East Ismailia Zone, located within the Technology Valley in Sinai. The initiative underscores growing bilateral economic ties and Egypt’s push to localize key industrial inputs.
Willow Ferro Alloys India, a leading producer of ferroalloys with five operational furnaces in India and two in Zambia, is known for its global export capabilities. The company has also expanded into logistics and supply chain services in Tanzania.
Its Egyptian operation will unfold in three phases, beginning with the production of silicomanganese and ferrosilicon, derived from quartz and manganese ores—critical components in the high-quality steel industry. These materials are currently imported by Egypt, but domestic production is expected to save the country approximately USD 75 million annually in imports.
The plant in East Ismailia will occupy 40,000 square meters and is projected to generate 300 direct jobs and over 1,000 indirect employment opportunities.
Governor Galal welcomed the Indian investment, highlighting the strategic importance of industrial development in the region.
Ambassador Reddy expressed his appreciation for the Egyptian government's support, noting that the project symbolizes the strength of the India-Egypt partnership.
For his part, Gamal El-Din emphasized that the Technology Valley in Ismailia serves as a key industrial zone for the new city of Ismailia, and its development represents a cornerstone of Egypt’s broader industrialization strategy.
With the addition of this investment, total Indian investments in Egypt have now surpassed USD 5 billion. More than 55 Indian companies operate in Egypt’s manufacturing sector, directly employing over 45,000 Egyptians and contributing around USD 1 billion in exports annually.