Egyptian Resorts launches 47-villa project near Hurghada

Egypt: The Egyptian Resorts Co (ERC) has announced plans to build a 47-villa sea-front project in Sahl Hasheesh, 20 km south of the city of Hurghada, Daily News Egypt has reported. “The estimated cost for the project is around EGP50m while profits are expected to be EGP100m,” said ERC commercial director, Abu Bakr Makhlof. “The project has four different villa designs and their prices vary, depending on how close they are to the sea,” added Makhlof. []

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