Mohamed Sheikh

Egyptian Resorts Company-ERC

Egyptian Resorts Company S.A.E. (EGX: EGTS.CA), founded in 1995, is Egypt's leading master developer of international-standard mega communities on a fully-integrated management basis. The company is incorporated in Egypt and headquartered in Cairo. Egyptian Resorts Company (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. ERC's flagship development project is presently "Sahl Hasheesh", a fully-integrated resort community almost two-thirds the size of Manhattan located on Egypt's pristine Red Sea coast. Egyptian Resorts Company has only one subsidiary called Sahl Hasheesh Company "SHC" (69.4% owned by ERC) , which is a developer of mixed-use areas currently operating exclusively within Sahl Hasheesh. SHC strategy is to ensure recurring revenues by having monopoly over all commercial and retail areas within ERC's mega resorts, secure prime locations.