Latest in Tag: Sahl Hasheesh Highlight
Latest in Tag: Sahl Hasheesh

Vested Summit kicks off its SDG-driven agenda as e-cars convoy arrives at Sahl Hasheesh
Nine e-cars travelled as a convoy from Cairo to Sahl Hasheesh, taking a charging stop at Ain Sokhna

Egyptian Resorts Company to develop Sahl Hasheesh project worth EGP 15bn
ERC’s Chief Executive Officer Wael El Hatow stated that the company has completed the required various permits for the project and will be implemented within seven years. Part of the funding is secured through the company’s own resources, along with additional financing from investors.

Development cost of Sharm Dreams Holding hotels increase 35% due to flotation
Current bookings prevent tourism recovery in 2017 by 30% on average at company hotels, says Abu El Enein

Inertia completes 1st phase of Veranda in Sahl Hasheesh on 60,000 sqm
Investments in Egypt amount to EGP 2.6bn, says El-Adawy

Sharm Dreams Co. to complete development of 2 hotels for EGP 370m in 2017: Chairperson
One hotel will be in Sahl Hasheesh and the other in Sharm El-Sheikh, both with about 300 rooms

Egyptian Resorts Company, Pyramisa conflict settlement leads to cash flow after resumption of halted projects
The settlement of the conflict alleviates the legal disputes facing the company, according to an official in the Egyptian Resorts Company

Sahl Hasheesh invests in build-out of value-added components
Room rates have pushed through pre-revolution levels but occupancy is still struggling, putting pressure on RevPAR

Egyptian Resorts Co achieves $ 21.4m net profits in H1 of 2015
The Egyptian Resorts Co achieved a profit in the first half (H1) of 2015, reporting net profits of EGP 167.5m ($21.4m) compared to EGP 21.3m ($2.7m) in losses in H1 of 2014. However, over the first quarter (Q1) of 2015, the company’s net profits reached EGP 3.2m, marking a 73.4% decline compared to the same …

ERC, KarmSolar sign contact to construct $2.5m solar station
KarmSolar company will rent ERC’s 50,000 sqm land while ERC receives 2% of the project’s profits

Local, regional investors eye opportunities in Sahl Hasheesh
ERC sees new hotel openings, expects sub-developers to deliver 2,000 additional housing units by 2017

One Night for Humanity
Friday night a night dedicated to sending a message of unity unfolded in the scenic Citadel Azur Resort in Sahl Hasheesh on the Red Sea

Egyptian Resorts Company announces villa construction in Sahl Hasheesh
The seaside units are expected to be constructed by 2015