Crystal Lagoons® Set for Expansion Across Mena Region12 February, 2021 / News
Gulf Construction magazine has featured Crystal Lagoons® growth in MENA, with projects to be announced in Egypt, Saudi Arabia, UAE, Morocco, Turkey, Bahrain, Oman, Kuwait and Qatar.
These are just some of the countries across the region in which the Miami-based multinational has developed 23 projects anchored by monumental pure turquoise lagoons.
The article highlights Mohammed Bin Rashid Al Maktoum City – District One, ranked as having the most expensive square meter in UAE.
Anchored by a 100-acre water amenity powered by Crystal Lagoons technology, it will break the firm’s current Guinness World Record as largest crystalline lagoon.
Citystars Sharm El Sheik, Egypt, centered around a 30-acre lagoon considered a true oasis in the Sinai desert, is the current record holder.
A revolutionary business model
Crystal Lagoons is focusing on expanding its revolutionary concept, Public Access Lagoons™, also known as PAL™, which are accessed via ticketed-entry.
The firm is in advanced negotiations in MENA to develop 33 complexes in Saudi Arabia, UAE, Bahrain, Kuwait, Egypt, Morocco and Turkey.
PAL are monumental crystalline lagoons that create beach life steps away from home, that quickly become the most beautiful location in the city.
“PAL captivate investors due to their commercial versatility, and can be developed with different investment formats. The firm offers models with more or less infrastructure, yet even those with minimal infrastructure are tremendously successful,” explains Alastair Sinclair, Regional Director at Crystal Lagoons.
This is reflected in the success of Crystal Lagoons business model, which in just one year, totaled 810 PAL in different stages of development and negotiation in 60 countries, representing 90% of the firm’s contracts.
The basic format includes a crystalline lagoon, beaches and green areas with kiosks, while the most complete format also incorporates retail, restaurants and hotels.
Investors have celebrated these developments as a new long-term investment alternative, with rates of return unheard of in other industries.
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.