The objective of the current investigations is to estimate the dynamic geotechnical properties necessary for evaluating the conditions of the subsurface in order to make better decisions for economic and safe designs of the proposed structures at a Steel Rolling Factory, Ataqa Industrial Area, Northwestern Gulf of Suez, Egypt. To achieve this purpose, four seismic refraction profiles were conducted to measure the velocity of primary seismic waves (P-waves) and four profiles were conducted using Multichannel Analysis of Surface Waves (MASW) technique in the same locations of refraction profiles to measure the velocity of shear waves (S-waves). SeisImager/2D Software Package was used in the analysis of the measured data. Data processing and interpretation reflect that the subsurface section in the study area consists of two layers, the first layer is a thin surface layer ranges in thickness from 1 to 4 meters with P-wave velocity ranges from 924 m/s to 1247 m/s and S-wave velocity ranges from 530 m/s to 745 m/s. The second layer has a P-wave velocity ranges from 1277 m/s to 1573 m/s and the S-wave velocity ranges from 684 m/s to 853 m/s. Geotechnical parameters were calculated for both layers. Since elastic moduli such as Poisson’s ratio, shear modulus, Young’s modulus, and bulk’s modulus were calculated. Competence scales such as material index, stress ratio, concentration index, and density gradient were calculated also. In addition, the ultimate and allowable bearing capacities