Crystal Lagoons to exhibit projects worth $1bn at Cityscape Egypt
Company has four active projects in Egypt, including the world’s largest lagoon at Sharm El Sheikh
Crystal Lagoons says it will exhibit over $1 billion worth of projects at the Cityscape Egypt exhibition, which kicks off on Wednesday.
The developer currently has four active projects in Egypt, including the 12.2 hectare CityStars Sharm El Sheikh lagoon. The $500 million development will feature 30,000 residential units, hotels, golf courses, marinas, a museum and a shopping mall.
The company is also developing a second lagoon at Sharm el Sheikh – the 2.7-hectare Radamis Lagoon at a 2,500-room mixed-use development featuring three hotels.
A new addition to Crystal Lagoons’ portfolio this year is a trio of crystal lagoons for Egyptian developer Hassan Allam Properties (HAP) at its high-end Swanlake North Coast community. The $200 million development, three hours from Cairo, consists of residential villas, chalets and a boutique hotel.
“With a choice of three lagoons ranging in size from 1.64 to 2.67 hectares, this is a fantastic opportunity for us to work hand-in-hand with the architect and developer of Swanlake,” said Carlos Salas, Middle East Regional Director, Crystal Lagoons.
The firm’s fourth project under development in Egypt is the $345 million Porto Golf Marina, also located on the country’s northern coast. Developed by Porto Group, the 150-hectare mixed-use development will offer a 2.4-hectare crystalline lagoon alongside restaurants and 19 residential buildings, with a total of 2,126 apartments.
Crystal Lagoons designs its lagoons to be self-cleaning, using up to 100 times less chemicals than traditional systems, and 2% of the energy required by conventional filtering technologies.
The company currently holds two Guinness World Records for lagoon projects at San Alfonso del Mar, Chile and Sharm El Sheik, Egypt, which is currently the world’s largest lagoon. Globally, Crystal Lagoons has a portfolio of 300 projects in 60 countries, including eight operational or under development sites in the Middle East, including Jordan, Egypt, Saudi Arabia, Oman and the UAE.
