Egyptian for Tourism Resorts
EEGX:EGTS12.58
EGP
-0.33
(-2.56%)
ISIN
EGS70431C019
Return %
Stock
S&P 500
1Y
43.28
14.20
3Y
216.08
81.12
5Y
667.07
68.34
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
EGP
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Mohamed Ibrahim Kamel
- Sector
- Utilities
- Industry
- Electric utilities
- Address
- Cairo Egypt
- IPO Date
- Feb 10, 1999
- Website
- erc-egypt.com
- Similar Companies
- Business
- Egyptian for Tourism Resorts S.A.E. is an Egypt-based master developer and real estate enterprise specializing in the planning, development, management, and infrastructure contracting of integrated mega-resort communities. Founded in 1996 and headquartered in Cairo, Egypt, the company primarily focuses on its flagship master-planned destination, the Sahl Hasheesh International Resort, located along the Red Sea coast south of Hurghada. The company operates across multiple integrated business segments, providing a comprehensive range of products and services: master planning and land subdivision; core civil infrastructure construction, including road networks, electrical power distribution systems, telecommunication networks, and drainage infrastructure; municipal utility operations, encompassing seawater reverse osmosis desalination plants, potable water distribution, wastewater collection, and tertiary sewage treatment for golf course and landscape irrigation; real estate development, including beachfront villas, townhouses, serviced apartments, and vacation chalets; commercial and leisure asset management, spanning retail centers, seaside promenades, dining establishments, entertainment facilities, and marina operations; comprehensive community management, covering 24/7 security, property maintenance, public area landscaping, and environmental preservation; and serviced land parcel sales and long-term leasing to third-party sub-developers, hotel chains, and private investors subject to master architectural guidelines. The company conducts its operations primarily in Egypt through dedicated subsidiaries, including Sahl Hasheesh Company for Touristic Development, alongside specialized utility and real estate development entities. In recent strategic developments, Egyptian for Tourism Resorts has accelerated its operational transition from raw land sales toward proprietary residential and mixed-use project development, delivering and expanding phases within communities such as Tawaya, Jamaran, and the Old Town promenade. Concurrently, the company has undertaken major municipal infrastructure upgrades, including expanding the capacity of its reverse osmosis desalination facilities and integrating solar energy solutions across Sahl Hasheesh, while formalizing revised regulatory and development frameworks with Egypt's Tourism Development Authority, forging new co-development alliances with regional hospitality operators, and restructuring credit facilities with domestic lending institutions to finance ongoing Phase 3 infrastructure rollouts.