Egyptian media celebrates Crystal Lagoons’ expansion strategy throughout the Middle East and North Africa regions22 August, 2016 / News
PACT Real Estate is currently working on completing the first phase in the development of its first project White Bay, which will be worth an estimated EGP 1.7bn in total. The project is divided into four phases and provides a total of 600 units surrounded by green spaces and open areas, representing about 85% of the total size of White Bay. The first phase is set to be delivered by summer 2018.
PACT has entered into key partnerships with leading water-innovation company Crystal Lagoons, to provide state of the art technologies and facilities for White Bay, which is located in the Sidi Heneish area on the North Coast.
It is worth mentioning that Crystal Lagoons, the multinational innovation company and developer of patented technology that makes giant crystalline lagoons a reality, has recently tallied up its current activity in the Middle East and North Africa and South Asia projects, revealing a presence in real estate developments worth a staggering US$20 billion.
“We have developed our patented technology and proven business model to provide the world’s top amenity and in the process add significant value to any real estate project in the world. Our sustainable technology and green credentials, makes pristine water lagoons possible at a very low cost, our ultrasonic filtration system means we use up to 50 times less energy than conventional filtration systems ensuring we have the lowest levels of energy and water consumption when compared to any other amenity,” said Carlos Salas, Middle East Regional Director, Crystal Lagoons.
North Africa has also been a prime location for lagoon development in recent years and, despite the current economic and security challenges facing the region, remains a key destination for Crystal Lagoons. The unique technology used by Crystal Lagoons underscores the company’s ability to construct and develop mass bodies of water anywhere in the world, and therefore bringing waterfront living to the middle of the desert.
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 crystal clear lagoons at very low costs.