Worldwide Interest Grows for Crystal Lagoons Expansion in Guyana and Suriname23 October, 2023 / News
The recent master agreement that Crystal Lagoons signed with Grupo Monarch to develop Public Access Lagoons™ projects, also known as PAL™ complexes, in Guyana and Suriname has generated such global interest that over 300 media outlets from different countries, including the Mexican economic magazine Fortuna, have featured articles to highlight the agreement that will allow various cities in both countries to enjoy the idyllic beach life.
The operator’s interest lies in the real estate, economic, and tourist development opportunities generated by these crystalline lagoons, revolutionizing urban living with idyllic beaches amid cities. Recognizing the success of Crystal Lagoons, a water innovation company founded by scientist Fernando Fischmann, in various countries worldwide, the conglomerate decided to diversify its investments by entering the real estate market.
In the case of Guyana, the operation also responds to a growing economy with a GDP increase of over 60% due to recent discoveries in the oil industry. The first PAL™ development will occur in Georgetown, the capital of Guyana, where the coast lacks attractive swimming water. Named “Golf Club Houses & Eco Hotel,” it will have a central lagoon surrounded by a hotel, golf course, residences, and infrastructure typical of this public access model.
“The expansion of Crystal Lagoons in Guyana and Suriname demonstrates the added value of this amenity as a generator of urban development hubs. These PAL™ complexes will allow anyone to access the crystalline lagoon and white sandy beaches through the purchase of a ticket, providing a tropical paradise experience in the middle of the city,” explains Miguel Ángel Cabañas, regional director of Crystal Lagoons for Latin America and the Caribbean.
These large bodies of crystal clear water enhance urban and tourist areas of diverse countries and cultures, creating environmentally friendly gathering points. PAL™ projects have received various international awards for their sustainable technology certified by Bureau Veritas, with significantly lower water usage – 40% less than a green area of the same size and 33 times less than an 18-hole golf course – and energy consumption – only 2% of the energy needed by conventional pool filtration systems.