{"id":592877,"date":"2019-11-11T04:09:56","date_gmt":"2019-11-11T04:09:56","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/11\/egyptian-resorts-company-to-invest-egp-15-bn-in-new-sahl-hashish-marina\/"},"modified":"2019-11-11T04:09:56","modified_gmt":"2019-11-11T04:09:56","slug":"egyptian-resorts-company-to-invest-egp-15-bn-in-new-sahl-hashish-marina","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/11\/egyptian-resorts-company-to-invest-egp-15-bn-in-new-sahl-hashish-marina\/","title":{"rendered":"Egyptian Resorts Company to invest EGP 15 bn in new Sahl Hashish marina"},"content":{"rendered":"

<\/a> INVESTMENT WATCH- ERC to invest EGP 15 bn in new marina complex in Sahl <\/strong>Hasheesh:<\/strong> Egyptian Resorts Company (ERC) is planning a large extension to the south of Sahl Hasheesh at an estimated cost of EGP 15 bn, CEO Wael El Hatow said<\/a>. The 1.2 mn sqm project \u2014 on which ERC is expecting to break ground within one-and-a-half years and complete within eight\u2014 will add four or five hotels, 2k residential units, several commercial and service facilities, and a 330-yacht marina to the Red Sea town. ERC will finance the investment through a mixture of equity and new shares to unnamed local and foreign investors. No further details were provided.<\/p>\n","protected":false},"excerpt":{"rendered":"

INVESTMENT WATCH- ERC to invest EGP 15 bn in new marina complex in Sahl Hasheesh: Egyptian Resorts Company (ERC) is planning a large extension to the south of Sahl Hasheesh at an estimated cost of EGP 15 bn, CEO Wael El Hatow said. The 1.2 mn sqm project \u2014 on which ERC is expecting to […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[4164,72,125,83,2380,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-592877","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-egyptian-resorts-company","tag-enterpriseam","tag-investment-watch","tag-real-estate","tag-speed-round","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"827418fb-4ab3-4d83-a815-736eef940fec","is_powered_by":true,"section_story_id":"de9bd11a-4cf2-4833-b05f-cfa91794c98b","story_type":"1","photo_url":"","photo_position":"above","related_issue":[592867],"teaser":"","voice_url":""},"yoast_head":"\nEgyptian Resorts Company to invest EGP 15 bn in new Sahl Hashish marina - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/11\/11\/egyptian-resorts-company-to-invest-egp-15-bn-in-new-sahl-hashish-marina\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egyptian Resorts Company to invest EGP 15 bn in new Sahl Hashish marina\" \/>\n<meta property=\"og:description\" content=\"INVESTMENT WATCH- ERC to invest EGP 15 bn in new marina complex in Sahl Hasheesh: Egyptian Resorts Company (ERC) is planning a large extension to the south of Sahl Hasheesh at an estimated cost of EGP 15 bn, CEO Wael El Hatow said. 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The Bay Village project \u2014 which will cost around EGP 200 mn to construct \u2014 will target local\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":604691,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/12\/10\/egyptian-resorts-company-sees-rise-in-sales-for-new-sahl-hasheesh-project\/","url_meta":{"origin":592877,"position":1},"title":"Egyptian Resorts Company sees rise in sales for new Sahl Hasheesh project","author":"enterpriseam admin","date":"10 December 2018","format":false,"excerpt":"The Egyptian Resorts Company (ERC)\u2019s Bay Village has seen a surge in demand since its launch in October, according to a press release (pdf). Bay Village has so far made EGP 79.6 mn from contracted sales and reservations and expects to generate EGP 390 mn in revenues for ERC. \u201cSale\u2026","rel":"","context":"In "Other Business News of Note"","block_context":{"text":"Other Business News of Note","link":"https:\/\/enterpriseam.com\/egypt\/category\/other-business-news-of-note\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641614,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/09\/27\/erc-to-shift-focus-towards-real-estate-development-outside-of-sahl-hasheesh-for-the-first-time\/","url_meta":{"origin":592877,"position":2},"title":"ERC to shift focus towards real estate development outside of Sahl Hasheesh for the first time?","author":"enterpriseam admin","date":"27 September 2017","format":false,"excerpt":"ERC to shift focus towards real estate development outside of Sahl Hasheesh for the first time? Egyptian Resorts Company is considering shifting its strategic focus towards real estate development beyond its flagship project of Sahl Hasheesh while the tourism industry recovers, CEO Wael Hatow tells Bloomberg in an interview. 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