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Holding Company Aims for 18.3B EGP Revenue
The article discusses the General Assembly's approval of the holding company for Cotton, Spinning, and Weaving and its endorsement of the 2026/2027 fiscal year's budget, which aims to generate revenues of 18.3 billion Egyptian pounds—a growth of approximately 190% compared to the previous year. It also highlights the project for developing the spinning and weaving industry in Egypt, which involves implementing three phases that include building and upgrading spinning and weaving factories across different governorates. The goal is to modernize the sector, enhance the competitiveness of Egyptian cotton, increase export markets, and add value to the industry. The program emphasizes the importance of improving operational efficiency, developing products, opening new export markets, and focusing on modern technologies to ensure high quality and cost reduction, all aimed at restoring Egypt's position as a leading industrial power in spinning and weaving.
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