SERSICO

The Saudi Egyptian Red Sea Investment Company owns Ex Sheraton Hurghada hotel and is currently developing the site, which is one of the most prime locations in Hurghada, Egypt, a leading seashore resort on the Red Sea. The Subject site is 328,367 m2 and is situated centrally within the city with direct beach access and marina facilities. The site enjoys 800 meters of unique pristine sandy coastline and is considered as one of the best plots of land in Hurghada. The development includes a world class hospitality project with a total area of 85 acres. The project will include a 5 stars deluxe hotel with upscale restaurants, swimming pools and recreational facilities, a complex of residential villas and apartments with a total of 1000 residential units, commercial and shopping complex, elegantly designed cabanas directly poised on the seashore. SERSICO aims at continuing its growth strategy by investing in Egypt; leveraging on the Company’s vast experience, diverse talent pool, and highly skilled team members.