Crystal Lagoons exponentially expands PAL™ projects worldwide19 December, 2022 / News
Crystal Lagoons has been growing exponentially and 2022 was a record year for expansion of its Public Access Lagoons™ model, also known as PAL™ projects. The company expanded into over 15 new markets and ended the year with over 810 projects of this type at different stages of development. The multinational innovation company recently signed mega commercial contracts in Japan, Australia, Polynesia, Cambodia and Saudi Arabia. Also, throughout the year, the company completed agreements to enter India, Israel, Palestine, Hungary, the Czech Republic, Romania, Poland, Ghana, Nigeria, the Philippines, Luanda, Ukraine and Guyana, and will soon move into Senegal and the Bahamas.
The mega deals for Japan and the Oceania region were signed with Australian investment fund Vibranium Capital Partners and will see the construction of a total of 56 complexes. The 30 PAL™ projects to be built across Japan are expected to be well received by the local market give the wide appreciation for public infrastructure and urban parks in Japanese culture. Meanwhile, the deal also represents a major global acknowledgement of Crystal Lagoons’ intellectual property and technology. For its part, the conquest of Oceania will cover Australia, New Zealand and Polynesian islands, as well as Cambodia, with 26 public access developments.
The contract signed in Saudi Arabia is another major commercial coup for the company with an agreement to build 20 luxurious complexes. The Al Saud royal family, through its conglomerate A’amal Group, will be Crystal Lagoons’ partner in what is the largest country in the Middle East, and start with projects in the cities of Riyadh and Jeddah.
India also marks a special milestone for the company. As well as being the world’s second most populous nation, it is also Crystal Lagoons largest contract signed to date with plans to build 100 PAL™ and real estate projects that will bring idyllic beach life to coastal and inland cities including New Delhi, Mumbai, Bangalore, Kolkata, Goa, Hosur, Chennai and Hyderabad.
The signing of mega-agreements for both Israel and Palestine, literally within weeks of each other, is also a major endorsement of both the attractiveness of the crystalline lagoons concept and the sustainable nature of its technology for inland and arid cities. Jericho, the world’s oldest city, will be the first to see a public access development in Palestine, while Israel will see developments in Tel Aviv, Haifa, Rishon LeZion, Netanya and Petah Tikva.
In Crystal Lagoons’ biggest market, the United States, where it has more than 260 projects at different stages of development, the company inked agreements to bring 12 PAL™ developments to South and North Carolina. Crystal Lagoons already has a strong presence in the states of Florida, Georgia, Texas, Utah, Alabama, Tennessee and Mississippi, many of which with developers who are expanding their existing contracts to include new geographical areas.
In other parts of the globe, mega commercial agreements are in place for Korea (30 complexes), Pakistan (15 projects), Colombia (13 developments), Costa Rica and Guatemala (11 complexes), and seven projects in historical European cities.
Anyone can access PAL™ projects on payment of an entrance fee, where they can experience a veritable tropical paradise in the middle of the city with a crystal-clear lagoon suitable for swimming, water sports and white sandy beaches. Additionally, the area surrounding the lagoon has space for fairs, launches, food halls, weddings, hotels, stores, restaurants, multi-stage concerts, outdoor terraces, arenas and amphitheaters.
These large bodies of crystalline water enhance urban and tourist areas of different countries and cultures and create an environmentally friendly meeting place. In fact, PAL™ projects have won several international awards for Crystal Lagoons’ sustainable technology, since they cut carbon emissions by more than 40% (14 million tons of CO2 per year) by reducing the number of trips people take to coastal destinations by around 50%.