Egyptian Resorts Company

What Egyptian Resorts Company does

Egyptian Resorts Company (ERC) is an Egypt-based master developer of international-standard mega communities, founded in 1995 and publicly listed in 1999. The company's flagship and overwhelmingly dominant asset is Sahl Hasheesh International Resort City, a 12-kilometer bay on the Red Sea coast approximately 15 kilometers from Hurghada International Airport. ERC acquires large coastal land holdings, partners with world-class architectural and urban planning firms (RTKL for the original master plan, Bechtel for infrastructure project management), installs comprehensive equity-financed infrastructure, and then monetizes the land through two complementary channels: selling pre-packed land parcels to third-party sub-developers (hotels, villas, golf courses, residential), and developing its own branded residential and commercial projects including Bay Village, Jamaran, Tawaya (jointly with Palm Hills Developments), Old Town, and the upcoming Sawari Marina.

ERC's underlying infrastructure stack is the operational backbone of its value proposition. It comprises 20 MV of supplied electricity across five networks with approved 100 MV transformer capacity, a 14,000 m³/day desalination plant with 22,000 m³/day production capacity and 12,000 m³ storage, 13 cellular towers supporting three mobile operators, 13,000 meters of optical fiber, and a 46-kilometer internal road network. The company serves four identifiable customer segments: sub-developers purchasing serviced land (primary B2B), first and second-home owners purchasing in-house-developed units (primary B2C), commercial tenants leasing F&B and retail space in Old Town, and — most recently — technology startups and entrepreneurs targeted through a planned startup cluster developed in partnership with RiseUp, KarmBuild, and KarmSolar.

Name

Egyptian Resorts Company

Legal name

Egypt Resorts Company

Website

http://www.erc-egypt.com/

Company type

Public

Founded year

1995

Operating status

Operating

Headcount range

251–500 employees

Short description

Egyptian Resorts Company is a Cairo-based master developer that builds and operates Sahl Hasheesh, a 12-kilometer Red Sea resort city, selling serviced land parcels to sub-developers and developing its own residential, commercial, and hospitality projects for home buyers, tourists, and tenants.

Ownership category

akta.pro rank

Product category

Master-Planned Resort Community Development

NAICS

Tour Operators (561520), Commercial Air, Rail, and Water Transportation Equipment Rental and Leasing (532411)

SIC

Real Estate Dealers (For Their Own Account) (6532), Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Beachfront & Island Luxury Resorts (THAGACAA)

akta.pro secondary industries

Resort & Branded Residence Vacation Rental Management (BPAJAIAE), Luxury Beachfront & Waterfront Villas (THAMAEAE), Hospitality (Hotel) Property Management (BPAJAGAG), Desert Luxury Resorts (THAGACAC), Hospitality (Hotels & Resorts) Asset Management (BPAJAMAE)

Keywords

• Master planned communities
• Resort real estate development
• Land parcel sales
• Coastal resort development
• Infrastructure development

Headquarters

HQ city

Zamalek

HQ country

Egypt

HQ region

Africa

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Infrastructure, Operations, Marketing or Sales, Personnel, Supply Chain

Revenue model

1. Land Sales to Sub-developers: ERC sells pre-packed land parcels of different sizes to value-adding developers who construct hotels, residential apartments, villas, golf courses, and other leisure and real estate properties. Land sales provide finances to fund ERC's own projects. To date, 634,537 sqm of unsold land remaining, built-up area of 2,586,343 sqm.
2. In-house Development Projects: ERC develops and operates its own projects including Old Town, Jamaran, Tawaya, and Sawari Marina to maximize revenue potential for its extensive land bank. Jamaran sold out earning EGP 100 million in unit sales.
3. Infrastructure Services: Extension of state-of-the-art infrastructure development and community and property management facilities to independently- and sub-developed projects.
4. Commercial Space Rental: ERC creates and sells commercial spaces including F&B outlets (170-350 m2), cafes/bakeries (50-180 m2), retail outlets, pharmacies, gyms, and children's centers in Old Town areas.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels2 records

Core offering

Egyptian Resorts Company is a master developer that acquires large coastal land holdings (notably the Sahl Hasheesh site on the Red Sea), builds comprehensive 100% equity-financed infrastructure, sells pre-serviced land parcels to sub-developers, and develops its own residential and commercial projects. Offerings include land plots, residential units (Bay Village, Jamaran, Tawaya), a marina (Sawari), commercial spaces in Old Town, and infrastructure services to sub-developers.

Product overview

Egyptian Resorts Company (ERC) is a master developer of international-standard mega communities on Egypt's Red Sea coast. The company's product portfolio consists of its flagship development Sahl Hasheesh (a 12-kilometer resort city), combined with in-house developed residential sub-brands (Bay Village, Jamaran, Tawaya, Sawari Marina, Old Town) and land/commercial offerings sold to sub-developers. Supporting these products is comprehensive infrastructure development (electricity, water, communications, roads) and the ERC Payment Gateway platform for online transactions. ERC's business model combines direct property development with land sales to third-party developers, creating multiple revenue streams across residential, hospitality, and commercial segments.

Differentiator

Problem solved

Functional benefit

Products and services

• Bay Village

Quantifiable outcome

• Jamaran sold out earning EGP 100 million in unit sales
• +2 more outcomes

Named customers3 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration2 records

Feature4 records

Partnerships

Eight partnerships are on record, tiered strategic, flagship, minor and core.

• RiseUpstrategicStrategic or Co-development Partner · 1 January 2016ERC partnered with RiseUp (entrepreneurial platform) and KarmBuild (architectural firm) to develop the first startup cluster on the Red Sea, featuring office spaces, co-working, meet-up areas, conference halls, and educational facilities, partially powered by 5.5 MW solar station.
• KarmBuildstrategicStrategic or Co-development Partner · 1 January 2016Architectural firm partnered with ERC and RiseUp to develop technology and startup cluster in Sahl Hasheesh with integrated public and green spaces.
• Palm Hills DevelopmentsflagshipStrategic or Co-development Partner · 1 January 2014ERC and Palm Hills Developments jointly launched Tawaya, a beachfront apartments project in Sahl Hasheesh. Tawaya is an exclusive waterfront residential project in the Old Town with unit sizes 60-270m2 and approximately 16,000m2 sellable BUA.
• KarmSolarstrategicStrategic or Co-development Partner · 1 January 2014KarmSolar signed agreement with ERC to begin building a solar-powered electrical power station for the startup cluster in Sahl Hasheesh.
• Lu Lu (Italian Investment Group)minorGTM or Marketing Partner · 1 January 2010ERC signed a beach and restaurant management agreement with Italian investment group Lu Lu for operations in Sahl Hasheesh.
• BechtelcoreImplementation/ SI/ Consulting Partner · 1 January 1999Bechtel served as project manager for infrastructure work beginning in 1999, supporting ERC's development of Sahl Hasheesh infrastructure.
• RTKLcoreStrategic or Co-development Partner · 1 January 1996RTKL conducted concept development and master planning for Phases I and II of Sahl Hasheesh, one of the world's leading architectural and urban planning firms.
• Canal CompanycoreStrategic or Co-development PartnerCanal Company supplies ERC's projects with 20 MV of electricity across five electrical networks, supporting the power infrastructure of Sahl Hasheesh developments.

Scale indicators9 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Amer Group: Egyptian real estate and resort developer behind major North Coast and Red Sea projects (e.g., Porto, Marassi). Comparable focus on coastal resort communities and master-planned destinations serving second-home buyers and tourism demand.
• SODIC: Major Egyptian real estate developer of premium residential and mixed-use communities across Greater Cairo, the North Coast, and the Red Sea. Comparable scale, listed on the Egyptian Exchange, and overlapping customer base with ERC for high-end coastal and resort properties.
• Tatweer Misr: Egyptian real estate developer focused on large-scale integrated communities and coastal resorts (e.g., Fouka Bay, Ras Sidr, IL Monte Galala). Same master-planned coastal-resort DNA as ERC's Sahl Hasheesh, serving overlapping second-home and tourism buyer segments.
• Orascom Development Holding: Swiss-listed Egyptian resort master developer best known for El Gouna on the Red Sea. Closest direct comparable to ERC — same Egyptian Red Sea geography, integrated resort community model, land sales to sub-developers plus in-house hospitality. OHD is also an ERC equity holder, deepening the comparability.
• Palm Hills Developments: Leading Egyptian real estate developer of integrated residential and resort communities. Already a strategic co-development partner with ERC on the Tawaya beachfront project, making it both a peer and a customer. Comparable target market, product type, and price points.
• Madinet Nasr Housing: Egyptian EGX-listed real estate developer of large mixed-use communities. Operates in similar master-planned community segment and serves comparable residential buyer profiles; relevant benchmark for valuation multiples and capital structure in the Egyptian developer space.
• Mountain View (DMG — Dar Al Ma'ali Group): Egyptian real estate developer of premium residential communities with a growing footprint on the North Coast and Red Sea. Overlapping product (villas, chalets, integrated communities) and customer segments with ERC's residential offerings.

Regional players

• Aldar Properties: Abu Dhabi-listed master developer of integrated communities and major destinations (Yas Island, Saadiyat, Al Raha). Comparable master-developer model combining land sales, infrastructure, residential, and commercial/hospitality assets, though UAE-focused rather than Egypt-focused.

Broad incumbents

• Emaar Misr: Egyptian subsidiary of Emaar Properties (UAE), developing large-scale master-planned communities such as Marassi, Uptown Cairo, and Cairo Gate. Direct overlap with ERC's master-planned, mixed-use resort community model, with the added benefit of an international parent brand and balance sheet.
• Emaar Properties: UAE-listed global master developer of integrated luxury communities (e.g., Downtown Dubai, Dubai Marina, Emaar Beachfront). Provides a regional/international benchmark for the master-developer business model ERC operates, though at vastly larger scale and with a hospitality operating arm.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Egyptian Resorts Company