Oman’s main financial publication celebrates Crystal Lagoons’ expansion throughout the Middle East4 July, 2016 / News
Times of Oman – the country’s most important financial publication – has recently reported on Crystal Lagoons’ expansion throughout the Middle East with an array of projects in the pipeline.
Crystal Lagoons, the multinational innovation company and developer of patented technology that makes giant crystalline lagoons a reality, has tallied up its current activity in the Middle East, North Africa and South Asia (MENASA) projects, revealing a presence in real estate developments worth a staggering $20 billion.
Today, 15 active projects are adding value to local communities and the tourism economy in the UAE, Oman, Saudi Arabia, Egypt and India.
In Oman, the Alargan Towell Investment Company is developing the 50-hectare Barka Resort integrated tourism complex project. Located 50 kilometres west of central Muscat, the four-hectare lagoon will form the centrepiece of the project and will be surrounded by three hotels, serviced apartments, a mixed-use souk, commercial areas and a collection of villas, townhouses and apartments. The first phase of the project is scheduled to be completed by 2017.
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.