Egyptian Resorts Company: Master Developer of Sahl Hasheesh

Company profile

ERC’s official history states that the company was founded in 1995 and listed in 1999. Its model is to plan large destinations, build infrastructure, designate land uses, select subdevelopers and enforce design and community-management standards. It can also develop strategic real estate directly.

The company’s listed status means that a single-person “owner” description is inappropriate. Use current exchange disclosures for board, shareholder and financial claims.

Facts at a glance

What master developer means

ERC may plan the destination and provide roads, utilities and community controls while another company develops a specific hotel or residential project. The seller can then be the subdeveloper or a resale owner.

For reliable inventory, store separate master developer, subdeveloper, project, seller type and community manager fields. Otherwise a buyer may direct a contractual complaint to the wrong entity.

Portfolio

Sahl Hasheesh

Sahl Hasheesh is ERC’s flagship integrated destination south of Hurghada. The official company page describes the master-developer model, infrastructure investment and selection of subdevelopers.

Area guide: Hurghada and Red Sea real estate

Bay Village

ERC presents Bay Village as fully finished seaside apartments in Sahl Hasheesh Old Town, with formats from studios to three-bedroom homes. A functioning location does not remove unit-level checks for title, condition, fees and seller authority.

Tawaya

Historical investor materials describe Tawaya as an Old Town waterfront residential project involving ERC and Palm Hills. Historical unit counts and completion expectations are not live 2026 inventory and should be used only to establish project history.

Jamaran

Jamaran is an established seaside villa product in ERC’s portfolio. Visible stock may be resale, requiring seller, title, maintenance and community-fee verification.

Sawari Marina

Sawari Marina appears in ERC’s investor materials as a marina-led residential, commercial and tourism project. Any current delivery or operating claim should come from a recent official disclosure, not an old investor presentation.

Price policy

There is no responsible single “ERC price.” Sahl Hasheesh contains different subdevelopers, projects, sellers, unit types, beach positions, finishes and operating structures. Nawy showed a group of properties under ERC on the review date but no unified starting figure on the profile.

Publish a price only at unit/project level with seller type, currency, area, finish, source and check date. This avoids presenting a resale apartment as a developer launch or applying one project’s figure to the entire destination.

Buyer checks

Confirm whether ERC is master developer or direct developer for the target property; identify the contractual seller; check title, assignment and outstanding dues; obtain current utility and community charges; confirm written beach rights and view; review hotel-management or rental restrictions; and inspect actual operation rather than relying on historical renders.

Official contact

• Short number: 19372.
• Telephone: +20 2 2735 8427.
• General email: cs@erc-egypt.com.
• Investor relations: ir@erc-egypt.com.
• Address: 4A Aziz Abaza Street, Zamalek, Cairo.

Internal links