ERC - Egyption Resorts Company
Share price (LE): 1.86
Date:  08/09/2010
Time:  13:05:14
Newsflash
Leading global developer Orascom Development Holding to develop Sahl Hasheesh Marina, takes equity stake in ERC... Mohamed Kamel was appointed to be Chief Executive Officer at ERC in 2010... ERC began work on a new electricity substation at Sahl Hasheesh...
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ERC has a pending application with the Tourism Development Authority for 14 million square meters in the pristine and virgin area of Bernice, some 200 kilometers south of Sahl Hasheesh, on the Red Sea.  In addition, ERC and Rowad Tourism Company (ERC’s largest shareholder) are discussing potential cooperation on a 4 million square meter development in Dahab in the Sinai peninsula.
 

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