Egyptian Resorts Company (ERC) is a leading master developer of resort cities in Egypt, focusing on the Red Sea Coast. Established in 1995, ERC has developed international-standard mega communities on a fully integrated management basis. The company holds exclusive development rights for 32 million square meters of land in the Sahl Hasheesh area, where it has built its flagship development.
ERC is listed on the Egyptian Exchange (EGX) and can participate with other parties in activities similar to its own in Egypt and abroad. The company is proud to be partnered with top developers and tourism companies who are assisting to maximize the utilization of its land and produce high-quality developments for corporate and commercial use. ERC’s mission is to create world-class destinations that offer a special and unforgettable experience for tourists from around the globe.
With its focus on the Red Sea Coast, ERC has significantly contributed to Egypt’s tourism growth. The company’s developments in Sahl Hasheesh have attracted visitors worldwide, drawn by the area’s natural beauty and the high-quality amenities and services provided by ERC. The company’s commitment to sustainability and responsible development has earned it a reputation as a leader in the Egyptian tourism industry.
Company Overview
History and Development
Egyptian Resorts Company (ERC) is a leading master developer of international-standard mega communities in Egypt. Founded in 1995, it is headquartered in Cairo’s Zamalek district. Over the years, ERC has been a key player in the development of Egypt’s tourism and hospitality sectors.
Mission and Vision
ERC’s mission is to contribute to Egypt’s economic growth by developing and managing world-class tourist and residential projects. The company’s vision is to be a leading developer of integrated communities that offer exceptional quality of life to residents and visitors.
Corporate Structure
ERC is a publicly traded company on the Egyptian Stock Exchange (EGX: EGTS.CA). The company’s CEO is Ahmed El Hitamy. ERC’s investors include local and international institutions and individuals.
ERC’s core business is developing and managing integrated touristic and residential projects in Egypt. The company’s flagship project is Sahl Hasheesh, located in the Red Sea province. The project covers an area of over 12,000 acres and includes hotels, residential units, commercial areas, and leisure facilities.
ERC’s projects aim to meet the needs of both local and international markets. The company’s focus on quality, innovation, and sustainability has earned it a reputation as a leading developer in Egypt’s tourism and hospitality sectors.
In conclusion, ERC is a well-established player in the Egyptian tourism and hospitality industry. The company’s focus on developing integrated communities that offer locals and visitors an exceptional quality of life has helped it gain a strong foothold in the market. With a solid corporate structure, an experienced management team, and a portfolio of successful projects, ERC is capable for continued growth and success in the years to come.
Strategic Locations
Egyptian Resorts Company has strategically chosen locations for its developments that are known for their natural beauty and tourism potential. The company has focused on developing the Red Sea Province, a popular tourist destination in Egypt.
Sahl Hasheesh
One of the critical locations for the Egyptian Resorts Company is Sahl Hasheesh, a resort town on the Red Sea coast. Notably, the town is famous for its beautiful beaches and crystal-clear waters, making it a sought-after tourist destination. Furthermore, ERC has developed several hotels, residential complexes, and apartments in Sahl Hasheesh, providing visitors with various accommodation options.
Red Sea Coast Developments
Egyptian Resorts Company has also developed several projects along the Red Sea coast, including marinas, land plots, and residential complexes. One of the key projects along the Red Sea coast is the Soma Bay development, a master-planned community that includes hotels, residential complexes, and a marina.
ERC has developed successful projects in these locations due to its expertise as a master developer. The company has a strong understanding of the tourist potential of these areas and has been able to create developments that cater to the needs of tourists.
Overall, Egyptian Resorts Company’s strategic locations have enabled it to develop successful tourism projects in Egypt. The company’s focus on the Red Sea Province has allowed it to tap into the potential of this popular tourist destination. With its expertise as a master developer, ERC has created developments that offer visitors a range of options, including hotels, residential complexes, and marinas.
Business Operations
Real Estate Development
Egyptian Resorts Company (ERC) is a leading master developer of international-standard mega communities in Egypt. The firm specializes in developing, constructing, and operating hotels, leisure establishments, sports centers, swimming pools, golf courses, playrooms, and other facilities. Moreover, ERC’s flagship development project is Sahl Hasheesh, a fully integrated resort community located on Egypt’s pristine Red Sea coast. Spanning an area two-thirds the size of Manhattan, the project offers various residential, commercial, and hospitality properties.
ERC’s real estate development operations focus on creating world-class destinations that cater to the needs and preferences of both local and international customers. The company’s projects offer a unique lifestyle experience combining luxury, comfort, and convenience. ERC’s real estate portfolio includes residential properties, commercial properties, hotels, and other hospitality establishments.
Hospitality Services
ERC’s hospitality services division manages and operates the company’s hotels and other hospitality establishments. The division offers various services, including hotel management, food and beverage operations, entertainment, and other guest services. ERC’s hotels aim to provide a unique and unforgettable experience that combines luxury, comfort, and convenience.
ERC’s hospitality services division is committed to giving its guests the highest level of service. The division employs experienced professionals dedicated to ensuring guests have an enjoyable and memorable stay. ERC’s hotels offer many amenities, including restaurants, bars, spas, fitness centers, and other recreational facilities.
ERC’s business operations cover many entities, including revenue, tourism, hospitality, sub-developers, construction, engineering, hotels, entertainment, restaurants, and beaches. Additionally, the company’s revenue is generated from the sale of real estate properties, hotel operations, and other hospitality services. Moreover, ERC’s projects aim to attract local and international tourists, and the company is committed to promoting Egypt as a world-class tourism destination.
ERC works with a network of sub-developers, construction companies, and engineering firms to ensure its projects are completed on time and to the highest quality standards. Additionally, the company’s hotels and other hospitality establishments aim to offer various entertainment and dining options, including restaurants, bars, and other venues. Moreover, ERC’s beachfront properties allow guests to enjoy the sun, sand, and sea in a luxurious and comfortable setting.
Projects and Achievements
Sahl Hasheesh Community
Egyptian Resorts Company has been the driving force behind developing Sahl Hasheesh, a fully integrated resort community on Egypt’s pristine Red Sea coast. Moreover, the company’s flagship project, Sahl Hasheesh, spans over 12.6 million square meters and is two-thirds the size of Manhattan. Additionally, the neighborhood boasts a mix of residential, commercial, and recreational properties, including hotels, villas, apartments, and retail spaces.
The master plan for Sahl Hasheesh maximizes the land’s utilization and produces high-quality developments for corporate and commercial use. The community has several zones, including the Downtown Core, Bay Village, and Sawari Marina, each with unique character and amenities. The Downtown Core is the heart of the community, featuring a range of retail and entertainment options. At the same time, Bay Village offers a more relaxed atmosphere with beachfront properties and water sports activities. Sawari Marina is a luxury marina that offers direct access to the Red Sea and is home to a range of high-end restaurants and shops.
Infrastructure and Amenities
In addition to the residential and commercial properties, Egyptian Resorts Company has developed the infrastructure and amenities necessary to support the community in addition to the residential and commercial properties. The company has invested heavily in creating electricity, water, irrigation, and municipal services to ensure the community is self-sufficient and sustainable.
The electricity infrastructure at Sahl Hasheesh is state-of-the-art, with a dedicated power plant that provides reliable and uninterrupted electricity to the community. The water supply is also secure, with a desalination plant that produces high-quality drinking water. The irrigation system uses treated wastewater to irrigate the community’s green spaces, reducing the demand for fresh water.
The community also features a range of recreational amenities, including golf courses, spas, and fitness centers. The Red Sea offers world-class diving and snorkeling opportunities, and the community has developed a range of water sports activities to take advantage of this natural resource.
Overall, Egyptian Resorts Company has successfully developed Sahl Hasheesh into a world-class resort community. The company’s focus on quality, sustainability, and self-sufficiency has made a community attractive to investors and a desirable tourist destination.
Investment Information
Stock Market Data
Egyptian Resorts Company (ERC) is a publicly traded company on the Egyptian Exchange (EGX) under the ticker symbol EGTS. The stock price for EGTS has yet to be made available. However, investors can access the latest news and price updates for EGTS on Reuters.
Financial Analysis
ERC reported its earnings results for the year ending December 31, 2023. The company reported sales of EGP 211.97 million, a significant increase compared to EGP 20.33 million reported in the previous year. This increase in revenue can be attributed to the growth in tourism in Egypt over the past few years.
According to a PDF fact sheet about ERC, hotel investments in Egypt grew from EGP 2.2 billion in 2003 to EGP 5.6 billion in 2008. The Red Sea accounts for over 50% of tourist arrivals into Egypt, significantly contributing to ERC’s revenue.
ERC holds exclusive development rights for 32 million square meters of land in the Sahl Hasheesh area in the Red Sea province. The company’s objective is to develop land and utilities for all tourism-related activities in the area.
In conclusion, ERC’s financial analysis indicates significant revenue growth, which can be attributed to the raising tourism in Egypt. The company’s exclusive development rights in the Sahl Hasheesh area make it an essential player in the tourism industry.
Customer Engagement
Customer engagement is a crucial element of the hospitality and tourism industry. The Egyptian Resorts Company (ERC) recognizes this and has implemented various strategies to enhance customer engagement.
Contact Channels
ERC offers multiple contact channels to its customers, including email and phone. Additionally, customers can use these channels to make inquiries, reservations, and provide feedback. Furthermore, the company has a dedicated customer service team that responds promptly to customer queries and concerns. The customer service team is knowledgeable about the company’s services and is always ready to assist customers in any way possible.
Investor Relations
ERC values its investors and has a dedicated investor relations team. The team regularly updates investors on the company’s financial performance, new projects, and other relevant information. The company’s CEO is actively involved in investor relations and periodically meets with investors to discuss the company’s progress.
ERC’s headquarters are in Cairo, Egypt, and the company has a strong presence in the country’s tourism industry. Its commitment to customer service and engagement has helped it maintain a loyal customer base. The company’s focus on investor relations has also enabled it to attract new investors and maintain a solid financial position.
In conclusion, ERC’s customer engagement strategies have helped the company stand out in Egypt’s highly competitive hospitality and tourism industry. The company has maintained a loyal customer base by providing multiple contact channels and excellent customer service. The company’s focus on investor relations has also helped it to attract new investors and maintain a solid financial position.
EGYPT MLS
Egypt MLS, under Arab MLS, is a cutting-edge real estate platform for licensed professionals, realtors, and brokers in Egypt. It offers a comprehensive property database for easy searching, comparing, and booking of properties for sale, set to revolutionize the real estate industry in Egypt.
Frequently Asked Questions
What types of accommodations does the Egyptian Resorts Company offer?
Egyptian Resorts Company offers many accommodations, including luxury hotels, apartments, villas, and townhouses. These properties aim to cater to guests seeking a comfortable and relaxing stay.
How can one apply for a job at Egyptian Resorts Company?
Egyptian Resorts Company is always looking for talented individuals to join their team. Moreover, interested candidates can visit the company’s website and submit their resumes through the career section. The company offers a range of job opportunities, including management, hospitality, and customer service positions.
What are the most popular destinations managed by Egyptian Resorts Company?
Egyptian Resorts Company manages several popular destinations, including Sahl Hasheesh, Makadi Bay, and El Gouna. These resorts are located along the Red Sea coast and offer guests access to beautiful beaches, world-class amenities, and various outdoor activities.
What amenities Egyptian Resorts Company properties offer?
Egyptian Resorts Company properties offer a range of amenities, including swimming pools, fitness centers, spa facilities, restaurants, and bars. The company is committed to providing guests with a pleasant and enjoyable stay by offering various services and amenities.
How does the Egyptian Resorts Company ensure the sustainability of its resorts?
Egyptian Resorts Company is committed to sustainability and has implemented several initiatives to lower its environmental impact. Moreover, the company has invested in renewable energy, water conservation, waste management, and eco-friendly practices to ensure its resorts are sustainable and environmentally responsible.
What do the guest reviews say about their experience with Egyptian Resorts Company?
Guest reviews of Egyptian Resorts Company are generally positive, with guests praising the company’s luxurious accommodations, beautiful locations, and excellent customer service. The company has received several awards and accolades for its commitment to providing guests with an exceptional experience.
