Middle East News Outlets report on Crystal Lagoons’ US$400 million Egypt project3 March, 2017 / News
Crystal Lagoons, the international water innovation company and developer of the ‘world’s top amenity’ able to bring an idyllic beach lifestyle anywhere in the world, has teamed up with leading Egyptian real estate development company, Madaar Development to create two stunning lagoons sorrounded by sandy beaches at the US$400 million Azha resort being built at Ain Sokhna in Egypt.
Combined, the crystal-clear lagoons, developed at very low construction and maintenance costs, will total over 16 hectares, spanning 6.4 hectares and 10.2 hectares with completion expected at the end of 2018. The crystal-clear lagoons will play a vital role in the appeal of Azha, a high-end waterfront luxury residential development that is being described as ‘the new capital of Egypt’, on the increasingly popular western Red Sea coast.
The 1.6 million-square-metre development will feature a five-star line-up of luxurious amenities including spacious village residences, hotels and serviced apartments, a golf course and clubhouse, shops, community centres, a beach club, sports facilities and parks is expected to be fully operational by 2020. The crystal-clear lagoons, which will be the centre piece of the project, will provide ample space for a range of watersports including swimming, kayaking, paddle boarding and windsurfing.
The announcement marks Crystal Lagoons’ 11th project in Egypt, which is emerging as a key market for the world-leading leisure amenity.
The company holds two Guinness World Records for the world’s largest lagoon, the first in San Alfonso del Mar, Chile and the second in Sharm El Sheik, Egypt, which is the current world record holder at 12.2 hectares. Crystal Lagoons currently has over 600 projects, in various stages of development and negotiation, in 60 countries worldwide.
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.