Crystal Lagoons expands in the Middle East and Europe with projects and offices

25 August, 2015 / News

The renowned Latin American newspaper “El Mercurio” has once again highlighted Crystal Lagoons’ expansion in the Middle East, Europe and The U.S.

According to the publication, these are the markets targeted for expansion by Crystal Lagoons, Fernando Fischmann’s multinational innovation company that develops crystal clear lagoons that is already present in 60 countries with 300 urban, touristic, public and industrial projects.

In the Middle East, the company adds up more than 40 initiatives under different stages of development. The company’s latest plans for the region include two lagoons in Egypt –where it already has two other lagoons- which will be linked to real estate developments valuated in US$ 545 million. They will be located in Egypt’s Mediterranean northern coast, close to Alexandria.

One of the projects is Swanlake North Coast, which will be built in partnership with local real estate developer Hassan Allam Properties. The complex that represents a US$ 200 million investment will feature three lagoons that will add up over 6.1 hectares, and will feature 675 luxurious residential units, a boutique hotel, and sports facilities, among others amenities.

At the same time, in partnership with Amer Group – an Egyptian housing, hotel and shopping mall developer-, Crystal Lagoons will take part on the Golfo Porto Marina project that will represent a US$ 345 million investment. In addition to a 2.4-hectare lagoon, it will feature two thousand residential units and an 18-hole golf course.

One of Crystal Lagoons’ most relevant initiatives in the Middle East is located in Dubai. This is the residential, commercial and industrial real estate project Mohammed Bin Rashid Al Maktoum City-Distric One, that will represent a US$ 7 thousand investment and it will feature a 40-hectare mega-lagoon with white sand beaches. It is being developed by a joint venture between Meydan Group, the real estate branch of Dubai’s government, linked to the monarchy, and Sobha, India’s most important real estate company. It should be ready by 2020.

Spain and the US

Crystal Lagoons started its story with San Alfonso del Mar, in Algarrobo, Chile. After seven years its folder includes 300 projects and Europe is one of the continents (the company is already present in the five continents) where it has landed. In this region the company opened its second branch office, in Barcelona, Spain, which will join the one already opened in Amsterdam, The Netherlands.

After opening the new office, Crystal Lagoons appointed Sebastián Pillado as new regional director for Europe. The executive holds a Business Administration degree from Universidad Católica del Norte and an MBA Macquarie Graduate School of Management, from Macquarie University of Australia.

He has over 10 years of experience in international trade, sales, marketing and financial markets. Previously, Pillado served as Director of ProChile’s Russia Commercial Office.

Pillado will lead the development of the company’s growth strategy and its commercial management in the European market, where it is already evaluated several projects.

Crystal Lagoons is also about to close an important new project in Florida. The company opened an office in the USA during 2011.

Although it was not possible to have access to the total figure of initiatives the company has in the USA, in November 2014 “El Mercurio” published that the company was involved in five lagoon projects was in negotiations for another 30.

At the beginning of 2013, Crystal Lagoons was granted a patent the industrial application of its lagoon technology, for example, for cooling processes at thermoelectric power plants.

Crystal Lagoons Corp. is an international innovation company, founded by scientist Fernando Fischmann, which has developed a patent-protected technology that makes it possible to build and operate crystal clear lagoons of unlimited size at very low costs.

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