Crystal Lagoons debuts in Saudi Arabia with a US$ 4 billion mega project3 September, 2014 / News
Dubai, 3rd September 2014. Crystal Lagoons Corp., the patented technology developer of giant crystalline lagoons founded by Fernando Fischmann, has unveiled its latest Middle East mega project with the launch of a -hectare project in Saudi Arabia.
The second project in the Kingdom for Crystal Lagoons, the lagoon will be the leisure centerpiece of a 240 hectare mixed-use project under development by the Prince Sultan Cultural Centre (PSCC), located just north of the Red Sea coastal city of Jeddah.
Valued at SAR 15 billion/US$4 billion the project will include a dedicated medical city, cultural centre, educational facilities, luxury hotels, residential villas and apartments supported by extensive leisure facilities including the country’s first-ever Jack Nicklaus 9 hole golf course.
“This will be the largest manmade crystalline lagoon of its kind in the Kingdom and represents yet another milestone in Crystal Lagoons’ efforts to expand its Middle East presence. The project also holds special significance for the country as it is being built to honour the memory of the late Crown Prince Sultan bin Abdulaziz Al Saud and our partnership with PSCC gives us a unique opportunity to contribute our expertise towards a world-class project at the heart of a new a cultural icon for the region,” said Kevin P. Morgan, CEO, Crystal Lagoons
A multi-phased project, with phase one scheduled for completion in 2015, the project has already broken ground and is scheduled to be up-and-running within the next three to five years.
A total of 3,600 residential units comprising apartments, villas and condominiums. 750 rooms spread across three hotels and a business park will be complemented by the proposed medical park, which will include hospitals, clinics and support services administered by Houston Methodist, the largest hospital operator in the US. An international university, two schools, extensive retail and the cultural centre will round out the development.
“The potential of Saudi Arabia’s real estate sector makes it one of the most exciting markets in the region right now, and arguably one of the most important. This particular project demonstrates the fluid adaptability of our concept and technology to even the most demanding environment,” remarked Morgan.
“With a number of live and pipeline projects across the Middle East, from Egypt to our most recent signings in Oman and the UAE, we are seeing tremendous interest from developers around the region who are keen to differentiate their projects and offer a new dimension to the consumer leisure experience,” he added.
The only global company with the technological capability to make the development of giant controlled manmade bodies of water economically viable, Crystal Lagoons makes it possible for people to enjoy an authentic beach experience in previously unimaginable locations, such as the desert or in the centre of major cities, with the potential to add economic value to new tourism destinations.
Designed to be self-cleaning, the lagoons only require topping up in response to evaporation and use up to 100 times less chemicals than traditional pool systems, and only two per cent of the energy required by conventional filtering technologies, making them incredibly sustainable.
ABOUT CRYSTAL LAGOONS
Crystal Lagoons Corporation is an international innovation company that has developed and patented technology that allows for the low-cost construction and maintenance of unlimited size bodies of water in crystal-clear condition. Patented in 160 countries, Crystal Lagoons’ technology applications range widely from its recreational business, which brings the dream of idyllic beach life to any corner of the world, to its industrial variations in closed-circuit cooling, water desalination and applications for the mining industry. The technology was pioneered by Fernando Fischmann, the founder and chairman of Crystal Lagoons Corporation. A trained biochemist, Fischmann patented the technology and founded Crystal Lagoons Corporation in 2007. In less than three years since its formation, Crystal Lagoons Corporation has seen exponential growth and is currently involved in over 300 projects in more than 60 countries, including Egypt, Jordan, United Arab Emirates, Saudi Arabia, Indonesia, Singapore, Colombia, Brazil, Argentina, Peru, Paraguay and United States.