Real estate developments using Crystal Lagoons technology total over US$20 billion in MENASA14 July, 2017 / News
Crystal Lagoons, the multinational innovation company and developer of patented technology that makes giant crystalline lagoons a reality, has tallied up its current activity in the Middle East, North Africa and South Asia (MENASA) projects, revealing a presence in real estate developments worth a staggering US$20 billion.
“We have developed our patented technology and proven business model to provide the world’s top amenity and in the process add significant value to any real estate project in the world. Our sustainable technology and green credentials, makes pristine water lagoons possible at a very low cost, our ultrasonic filtration system means we use up to 50 times less energy than conventional filtration systems ensuring we have the lowest levels of energy and water consumption when compared to any other amenity,” said Carlos Salas, Middle East Regional Director, Crystal Lagoons.
“These USPs have been instrumental in allowing us to take our technology all over the world. What’s more, we are able to deliver a viable, affordable long-term solution to our partners in the Middle East, North Africa and India despite climate and geographical challenges, particularly when you consider we use brackish water from underground aquifers, water that has no other use,” added Salas.
Three high profile GCC projects are currently under development, including the 160-hectare Mayasem mixed-use development, located north of Jeddah, which will feature a new 7.5-hectare lagoon as its leisure centrepiece.
In Dubai, the Mohammed Bin Rashid City District One mixed-use development, a joint venture between Meydan Group and Sobha Developers Ltd., situated close to the Meydan Racecourse, will feature a 40-hectare lagoon with a further eight hectares to be added to the existing 1.43-hectare pilot lagoon this year. The completion date is 2020.
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.