Crystal Lagoons signs deal with Egypt’s Tatweer Misr
North Coast Fouka Bay development will be Crystal Lagoons’ 12th project in Egypt
Crystal Lagoons has announced that it has signed its second contract with Egyptian real estate company Tatweer Misr. According to the multinational water innovation and development company, the deal will bring idyllic beachfront living to the $117m Fouka Bay development in Ras Al Hekmah.
The company says that the deal will bring ‘top amenities’ to the Fouka Bay project, by effectively turning houses into waterfront properties. Crystal Lagoons also claims that the project will add significant value to the development by offering new unique selling points, while enhancing the aesthetic appeal of the area.
“Our latest venture with Tatweer Misr is further testament to the vital role Crystal Lagoons plays in the successful introduction of new and existing real estate and hospitality projects to the market,” said Carlos Salas, Middle East regional director of Crystal Lagoons. “Our hi-tech, energy efficient lagoons are an increasingly popular amenity choice for forward thinking developers in Egypt seeking an affordable, long-term solution for sustainable development.”
Crystal Lagoons says its solutions use up to 100 times less chemical than traditional filtration systems, and use just 2% or the energy required by conventional water treatment system for swimming pools and drinking water.
Fouka Bay has been designed in collaboration with Italian architects 5+1AA, and is located along the coastline of Ras El Hekma. The development features a variety of luxurious residences with panoramic views of the coastline, and an 800-metre-long stretch of beach.
“Our partnership with Crystal Lagoons has allowed us to provide added value that is based on innovation for our guests and residents. The development of those projects has resulted in a unique value proposition that has provided each of our residents a dream beach house, be it on the Mountains in Sokhna or the North Coast resort of Fouka,” added Ahmad Shalaby, managing director, Tatweer Misr.
The resort is a two-hour drive from Cairo and is accessible via the newly constructed Fouka Road. It is expected to be completed by 2022.
