Egyptian Resorts Company SAE (ERC) is an Egypt-based company that operates in the tourism and hospitality sectors. The Company is engaged in the construction and management of integrated touristic and residential projects in Sahl Hasheesh area, Red Sea province. The Company’s projects include Sahl Haseesh project, which is located 18 kilometers south of Hurghada International Airport and it consists of hotels and apartments, and the Sawari Marina project. The Company also focuses on the sale of pre-planned land plots to sub-developers; the provision of municipal services; the sale of electricity, water and irrigation, among others, and development and operation of specific strategic attractions, such as a downtown core, a marina or other key assets. The Company holds 78.43% of Sahl Hasheesh Tourism Investment Company.