Africa Becomes Successful Crystal Lagoons® Stronghold with 29 projects1 April, 2020 / News
Africa is experiencing rapid population growth, intensive development of infrastructure and is seeing new urban poles popping up. This growth allows Crystal Lagoons® to project and consolidate the success it has seen in the region, in which it totals 29 projects in different stages of planning, design, construction or operation.
One of the main characteristics of the African continent are its numerous Mediterranean landlocked extensions while some of its coasts are cold and dangerous. Crystal Lagoons technology responds to these problems, as these crystalline lagoons allow swimming and water sports to be practiced in a safe environment and to develop projects in inland areas, far from the coast in areas of low tourist and real estate value.
Egypt, South Africa, Nigeria, Morocco and Angola are some of the countries in Africa where the multinational water innovation company has real estate and Public Access Lagoons™, also known as PAL™, in various stages of planning, design, construction or operation.
The most important market on the continent for Crystal Lagoons is Egypt with more than 20 real estate projects. In fact, the world’s largest crystalline lagoon (30 acres) is located in the Egyptian resort of Sharm El Sheikh, Bo Island, Swan Lake and Porto Golf will open in the coming months.
A second key market is South Africa, where the partnership with leading local real estate developer Balwin Properties has been tremendously successful, totaling six real estate projects. The newest residential project is Munyaka, an ultra-luxury complex highlighted by the President of the Republic, Cyril Ramaphosa, who noted that Munyaka “will give life to the South Africa that we long for, promoting its economy through infrastructure. This is the way to build great communities.” The development sold over 550 apartments in just four days.
Regarding PAL, there are several master agreements under negotiation in South Africa, Egypt, Morocco, Nigeria and Angola, the most important being that of South Africa which includes eight PAL in different cities spotted around the country.
“Crystal Lagoons success has spread throughout the African continent. In Egypt, we have 20 operational projects, under construction or negotiation and what is currently the largest crystalline lagoon in the world (30 acres), while in South Africa we total 14 real estate developments and PAL. Also, in Nigeria, Morocco and Angola we have projects at different stages of development and negotiation,” says Alastair Sinclair, Regional Director of Crystal Lagoons.
One of the reasons for the success of this technology in Africa, a region where water is scarce, is its sustainability. These lagoons are filled only once and operate in a closed circuit, using 30 times less water than a golf course and half that of a park of the same dimensions. They can use any type of water: fresh, seawater or brackish from underground layers without alternative use and, additionally, they can be used to accumulate rainwater.
Source: Corporate news