02:41
11 Mar 10
Share price (LE)
Newsflash
ERC announces 2008 results with record Earnings Before Tax of EGP 346 million ... ERC Board of Directors to vote on Phase 3 Master Plan winner in the next 60 days ...  ERC AGM planned for 21 May 2009 in Sahl Hasheesh International Resort ...
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We are Egyptian Resorts Company, a master developer of international standard resort communities on a fully-integrated management basis, incorporated in Egypt and headquartered in Cairo. 

Business Model: 

We acquire broad acre land holdings suitable for premium mega resorts development at nominal value, create a master plan with some of the world’s leading architectural and urban planning firms, investsin state-of-the-art infrastructure, implement design guidelines and community management rules and regulations, and then on-sells individual pre-designated plots to sub-developers and investors whose main businesses are hotel ownership, operation and management, as well as luxury resort residential real estate development. 

Utilities and Community Management:

We exclusively supply utilities (water, electricity, communications) within our developments, through our project partners, and implement world class community management schemes.

 

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