ERC Takes Legal Action to Scrap USD 40 mn Contracts

Egyptian Resorts Company (ERC) has announced legal action to scrap contracts worth USD 40 mn (EGP 653.6 mn) for four land plots, sold back in June 2015, due to its clients’ failure to make due payments.

ERC Uncovers 5th Tourism Project in Sahl Hasheesh

Egyptian Resorts Company (ERC) has launched its latest EGP 52 mn tourism project, Bay Condos, through its subsidiary, Sahl Hasheesh for Touristic Investment, shortly after it unveiled Bay Village compound last Sep ...

ERC Proposes 8-12% Middle-Income Mortgages Interest Rates

The Egyptian Real Estate Council (ERC) has proposed renewing interest rates applied on mortgage financing for would-be middle-income homebuyers to range from 8 to 12%

Egyptian Real Estate Council Proposes Building Social Housing for Youth: Official

Chairman of Egyptian Real Estate Council (ERC) Adel Lotfy said a draft proposal has been completed for the development of social housing projects for young people in partnership with the government

ERC Posts EGP 126.3 mn Net Revenues in FY 2018

Egypt’s master and real estate developer Egyptian Resorts Company recorded net revenues of EGP 126.3 mn in FY 2018, down 55% YoY from EGP 281.1 mn a year earlier.

Egyptian Resorts’ Bay Village Sees Strong Demand

The Egyptian Resorts Company (ERC) has announced recording a significant growth in contracted sales and reservations at its latest Sahl Hasheesh development, Bay Village, since its launch in October

Egyptian Resorts Unveils Bay Village in Sahl Hasheesh

The Egyptian Resorts Company (ERC) announced launching its latest Bay Village project through its subsidiary, Sahl Hasheesh for Touristic Investment, for both locals and foreigners seeking to invest in the country ...

ERC Records EGP 49.5 mn Revenues in Q3 of 2016

The Egyptian Resorts Company (ERC) has recorded revenues of EGP 49.5 mn in the third quarter of 2016, compared to last year’s EGP 16.7 mn, according to its latest financial statement.

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