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EMIRATES BUSINESS
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, ME Regional Director, Crystal Lagoons.
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.
And, in Oman, the Alargan Towell Investment Company is developing the 50-hectare Barka Resort integrated tourism complex project. Located 50 kilometers west of central Muscat, the four-hectare lagoon will form the centrepiece of the project and will be surrounded by three hotels, serviced apartments, a mixed-use souk, commercial areas and a collection of villas, townhouses and apartments. The first phase of the project is scheduled to be completed by 2017.
North Africa has also been a prime location for lagoon development in recent years and, despite the current economic and security challenges facing the region, remains a key destination for Crystal Lagoons. The unique technology used by Crystal Lagoons underscores the company’s ability to construct and develop mass bodies of water anywhere in the world, and therefore bringing waterfront living to the middle of the desert.