Crystal Lagoons® Announces 15 PAL™ in Pakistan1 February, 2021 / News
Crystal Lagoons® has announced it is to enter the Pakistani market with 15 Public Access Lagoons™. The innovation firm has signed an exclusive Master Agreement to develop crystalline lagoons, also known as PAL™, that the general public will access via ticketed entry, adding to a list of tremendously successful projects that thecompany is currently moving forward with worldwide.
The multinational has partnered with Ary Group, Pakistan’s largest holding, present in the Middle East, Europe and the U.S., linked to businesses relating to the banking world, real estate, gold production, retail, jewelry, as well as 12 TV channels that broadcast in over 100 countries.
The Ary Group’s owner, Salman Iqbal, is considered a highly influential businessman and one of the most daring in the entertainment industry.
He also owns Pakistan’s leading cricket team, the Kirachi Kings, sponsored by “Ary Laguna Karachi”, which will be Crystal Lagoons first development in the country.
The nation’s most populated city and financial capital, Karachi, has been confirmed as the location for the first project.
PAL, endless ways to monetize
Considered a major contract for Crystal Lagoons, the developments are to be established in strategic cities across Pakistan, such as Islamabad, Karachi, Lahore, Faisalabad, Peshawar, Rawalpindi, Multan, Sukkur, Gujranwala and Larkana.
Once operational, they will generate projected annual sales of more than US $550 million, and are expected to receive over 12 million visitors annually.
“Pakistan is a market with great potential for PAL projects due to its climate and population, among other factors. This is a very robust proposal, for which Crystal Lagoons is choosing the best partners,” explains Felipe Baldwin, Global Business Director at Crystal Lagoons.
PAL offer rates of return higher than any industry and are attracting international investors seeking new recreational alternatives and safe long term investments.
Crystal Lagoons is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that allows the construction and maintenance of unlimited-size clear water lagoons at very low costs.