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Arab Cotton Ginning to separate land holdings
- Egypt: Tuesday, October 27 - 2009 at 12:33
Egypt-based Arab Cotton Ginning has said it plans to split off its real estate holdings from its cotton production and offer the land for housing and commercial developments, Reuters has reported. The company owns more than 600,000 square metres of land in 13 locations in Egypt. A new company will be created to manage the real estate investments, including the sale of land and the development of housing, tourism and commercial properties, the company said in a statement.
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StaffTuesday, October 27 - 2009 at 12:33 UAE local time (GMT+4)
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