Crystal Lagoons builds world’s largest lagoon in Egypt
Crystal Lagoons, creator of the world's largest crystalline lagoon will showcase what will become the largest navigable crystalline lagoon in the world, in Sharm El Sheikh on Egypt's Red Sea coast, at Cityscape Global in Dubai.
At present, the largest crystal lagoon in the world is in Chile, however, shortly, a real estate development in Sharm El Sheikh in Egypt, will have the largest navigable crystalline lagoon in the world. Besides this 12 hectare lagoon, the project features another 10 giant lagoons that in total hold more than 100 hectares of crystal clear water in the middle of the desert. The first lagoon will be inaugurated in early 2011.
"The project is the result of our association with Golden Pyramids Plaza, owned by the Sharbatly family. We have also sealed strategic alliances for a number of other tourism developments including the Amer Group's Soma Bay, in Hurghada, a US$1.2 billion investment that will be operational in 2012," said Fernando Fischmann creator and owner of Crystal Lagoons Corp.
Furthermore, Cityscape Global, an integral part of the world's largest business-to-business property investment and development event brand, which is being held at the Dubai World Trade Centre on 4-7 October 2010, will feature some of Crystal Lagoons' most spectacular projects, all developed with an exclusive worldwide patent.
The company will unveil 50 of its ongoing and planned developments throughout the Middle East, including 12 projects in Egypt. Besides the aforementioned Sharm El Sheikh and Hurghada projects, other developments are planned in Cairo and in the new resorts near to Alexandria.
"In all of these projects Crystal Lagoons provides something that until now was neither technical nor economically possible -- the construction and low cost maintenance of monumental masses of water in a crystalline state that allows a beach life environment and top level aquatic sports within a city.
"These crystal clear lagoons form an impressive artificial paradise, even in the most inhospitable climates. Technically it is a very challenging process and a unique concept adaptable to rain forests, marshes, deserts or urban sprawls. They can also be created on overcrowded or eroded coastlines and breathe new life into previously contaminated rivers," added Fischmann.
In Dubai Crystal Lagoons is now close to completing the first stage of the ground breaking US$1.2 billion, Dubai Lagoons project, located in Downtown Dubai. Crystal Lagoons will construct, maintain and provide technical support for initially a pilot lagoon, before the end of 2010, prior to taking responsibility for all of the main water features through the development.
The design of this urban project makes it possible to bring a beach lifestyle to the city. The residential development was 80% pre-sold thanks in part to this revolutionary crystalline lagoon concept. This is the first of several projects in association with Schön Properties, with other upcoming projects in Pakistan and Oman.
Crystal Lagoons also has a development project in Jordan. "Dead Sea Lagoon", in association with Sama Jordan, owned by the Bani Hani family, is located near the Dead Sea coast with an investment of US$250 million. The initiative is expected to attract a wider tourist variety and will be finished halfway through 2011. A 4.5 hectare crystal clear lagoon will be built in the middle of the desert, revitalizing the local real estate industry.
Further afield the company also has current developments in Morocco, Oman and Saudi Arabia – one that will be incorporated to the world's next tallest building in Jeddah. Crystal Lagoons is also studying proposals with key developers in other cities such as Abu Dhabi. In addition, Crystal Lagoons also has other significant projects in Morocco.
- Changing the landscape: why exactly are Arab investors buying property in London?
- The forgotten rich: how and why Jordanians are spending billions in property markets abroad
- From palaces to engine-making: Morocco's stability is attracting billions in foreign investments
- The IS' new money-making scheme: auctioning off stolen houses
- Overcrowded with the economics of occupation (and settlements): Palestinians face housing crisis in East Jerusalem