After the nationalization in 1961, it has remained in public sector hands ever since, although completely supervised by the local business sector to help in insuring its constant proactive and expanding horizons.The Misr Spinning and Weaving Company is the largest enterprise of its kind in Africa and “, spreading over 600 acres and employing in excess of 28,000 workers It is the Egyptian textile sector flagship and probably the largest operating textile entity world wide has the largest share of approximately 32% of Egyp’s total exports of cotton yarn It is said to be the Egypt ’s upstream textile hub.Misr Spinning and Weaving Company, currently is facing a critical financial crisis due to the unavailability of funds to purchase cotton. The government has decided to sell excess land that worth’s 100 Million USD to finance the company working capital with 35 Million USD and the rest to pay off debts to financial institutions.