Modern Nile Cotton Company has been the largest exporter of Egyptian cotton fiber in the last 3 years, and during this current season, its exports value has exceeded 52 Millions USD, and it has exceeded 104 Million USD during last season.The newly formed Amwal Arab Holding Company is a joint venture company established between Amwal El Khaleej investment fund and Arab Cotton, Ginning Company with a 43% shares each with a paid in capital that exceeds 170 Million USD.The newly formed Holding company will create a vertically integrated textile and apparel group of companies that will take advantage of low cost of labor and energy, as well as the QIZ agreement and the EU partnership agreement.”
Date:5/30/2006
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