Middle East Media: Crystal Lagoons to showcase new Egypt projects at Cityscape26 August, 2016 / News
Crystal Lagoons, a global developer of giant crystal-clear lagoons, has announced two new project wins in Egypt, bringing its total portfolio of active and under-development projects in the Middle East and India to 15.
The company will showcase a range of projects at this year’s Cityscape Global real estate event, which will take place at the Dubai International Convention and Exhibition Centre in Dubai, UAE, from September 6 to 8. A highlight will be its latest project located within the $400-million Phase Two of the 210-hectare Stella Di Mare project.
The company’s tenth lagoon in Egypt will be located within the Stella Di Mare project, which comprises 210 ha of development and a US$400 million investment in the increasingly popular western Red Sea coastal resort of Ain Sokhna.
A flagship development for Cairo-headquartered REMCO Group, the second phase of this upscale community is designed around a clutch of private islands surrounded by crystal lagoons and connected by bridges.
The company has also announced its partnership with Misr Italia Group, one of Egypt’s most prominent real estate developers, to deliver two lagoons with a total size of 2.7-hectares within its US$1 billion second home Mousa Coast community located on the Red Sea, just 90 minutes from Cairo.
“Misr Italia’s reputation for developing highly attractive communities with a broad range of leisure amenities, brought us together; and now the two lagoons will be the focal point of this exciting new Red Sea development,” said Carlos Salas,
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.