Middle East media: Crystal Lagoon projects total over $20bn in MENASA20 July, 2016 / News
Middle East-based financial news website Construction Week reveals that real estate developments using Crystal Lagoons technology in the Middle East, North Africa and South Asia (MENASA) total over $20bn.
Three high profile GCC projects are currently under development, including the 160ha Mayasem mixed-use development. The project, located in north of Jeddah, will feature a new 7.5ha lagoon as its leisure centrepiece.
In Dubai, the Mohammed Bin Rashid City District One mixed-use development, will feature a 40ha lagoon with a further 8ha to be added to the existing 1.43-ha pilot lagoon this year.
Meanwhile, in Oman, the Alargan Towell Investment Company is developing the 50ha Barka Resort integrated tourism complex project.
Located 50 miles west of central Muscat, the 4ha lagoon will form the centrepiece of the project which will be surrounded by three hotels, serviced apartments, a mixed-use souk, commercial areas and a collection of villas, townhouses and apartments.
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.