Crystal Lagoons: US$1 billion projects in Egypt7 October, 2015 / News, Sin categoría
The Middle East business news web site Ifpinfo.com has recently reported on Crystal Lagoons’ expansion in the region with new projects for Egypt.
The article states that Crystal Lagoons has a total of four active projects in Egypt, including the 30-acre CityStars Sharm El Sheikh lagoon, the regional flagship for the company. The $500m development will feature 30,000 residential units, hotels, golf courses, marinas, a museum and a shopping mall
The company is also developing a second lagoon for Sharm el Sheikh, which is 6.7 acres and will be the glittering turquoise centerpiece for a 2,500-room, three-hotel mixed-use development.
Newly added to the portfolio for 2015, Crystal Lagoons is working with Hassan Allam Properties (hap) on a trio of crystal lagoons for its high-end Swanlake North Coast community. The $200m development encompasses luxurious residential villas, twin villas, chalets and a boutique hotel.
“With a choice of three lagoons ranging in size from 4 to 6.5 acres, this is a fantastic opportunity for us to work hand-in-hand with the architect and developer of Swanlake to create a sustainable leisure experience that is the perfect vehicle for our technological innovation, but that also showcases the future of mega lagoon-based communities and the value-add that they bring to residents and visitors,” said Carlos Salas, Middle East regional director, Crystal Lagoons.
The fourth and final project under development in Egypt is also located on Egypt’s northern coast. Developed by real estate company Porto Group, the $345m, 370 acres mixed-use Porto Golf Marina will offer a 6-acre crystalline lagoon to complement a collection of restaurants and 19 residential buildings with a total of 2,126 apartments (Porto Lagoons).
Crystal Lagoons Corp. 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 crystal clear lagoons at very low costs.