Crystal Lagoons Signs 12th Egypt Project


    The project scheme

    Crystal Lagoons, the multinational water innovation company and developer of crystal clear lagoons, has signed a contract with Egyptian real estate developer, Tatweer Misr, to bring idyllic beachfront living to the USD117 million Fouka Bay development in Ras Al Hekmah. This is the second contract Crystal Lagoons has signed with Tatweer Misir, the first was for the ground-breaking project in Tatweer Misr’s flagship project Il Monte Galala in Sokhna, which will see the development of the first mountain lagoon in the world. The move brings the ‘world’s top amenity’ to the heart of the Fouka Bay project effectively turning each house into a waterfront home. In addition to enhancing the aesthetic appeal of the destination, the crystal-clear lagoon will add significant value to the development by offering a range of USPs, including ample space for non-motorized watersports, such as sailing, kayaking, paddle boarding and swimming, all in a safe environment. The lagoons are developed using 30 times less water than a golf course, half the water required of a park of the same size, 100% less chemicals than a traditional filtration system and 98% less energy required by conventional water treatments systems. The low construction and maintenance costs, teamed with unmatched sustainable credentials, offer a substantial return-on-investment for TatweerMisr. “Our latest venture with TatweerMisr 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, the Middle East Regional Director of Crystal Lagoons.