Egyptian Resorts Company is Egypt’s leading master developer of international-standard mega communities. Its flagship development project is presently Sahl Hasheesh, a fully-integrated resort community some two-thirds the size of Manhattan located on Egypt’s pristine Red Sea coast.
ERC acquires broad-acre land holdings in prime locations and develops a comprehensive master plan in partnership with the world’s leading architectural and urban planning firms. Heavy investment in state-of-the art infrastructure attracts the interest of leading sub-developers in land plots pre-designated for specific purposes — residential communities, hotels and entertainment venues, office parks, schools and hospitals.
To protect sub-developer investments and the sustainable long-term value of the community, throughout the development process ERC enforces strict design guidelines and community management regulations to ensure that the entire community is built and managed according to the highest standards.
ERC’s business model thus incorporates multiple features and revenue streams, resembling in many respects…
- …a mega-developer, deriving revenues from the sale of pre-planned land plots to qualified sub-developers
- …a hands-on manager of communities, deriving recurring revenues from providing municipal services to sub-developers
- …a utilities provider, deriving recurring revenues from the sale of electricity, water, irrigation, etc.
- …a hands-on destination manager and sub-developer, building and deriving regular revenues from the development and operation of specific strategic attractions, such as a downtown core, a marina or other key assets
Founded in 1995 and publicly listed in 1999, ERC’s mission is to redefine the standard of master planned developments in Egypt. By selling land only to sub-developers of the highest caliber and ensuring that their developments remain true to the vision captured in the master plan, ERC creates sustainable world-class communities that ensure long-term returns for both our investors and our partners.
While our focus is currently on transforming Sahl Hasheesh from a resort town into a thriving, year-round community, ERC is much more than just a single resort development. We are a dynamic and innovative master developer of unique communities in strategic locations suitable to our development model. We create shareholder value through conscientious management of our current land bank, while we continue to pursue opportunities for future expansion.
In the years ahead, ERC will create value in Egypt and abroad using the same principles we have refined at Sahl Hasheesh. The institutional expertise, hard-earned knowhow and network of relationships we have developed in the creation of our flagship resort will lend themselves equally to the creation of world-class industrial, residential, commericial, mixed-use and potentially agricultural-based communities.