Crystal Lagoons signs US$117m deal and its 12th Egypt project in luxurious development
Crystal Lagoons, the multinational water innovation company and developer of crystal clear lagoons, has signed a new contract with Egyptian real estate developer, Tatweer Misr, to bring idyllic beachfront living to the US$117 million Fouka Bay development in Ras El Hekma.
The move brings the ‘world’s top amenity’ to the heart of the Fouka Bay project, which will cover one million square meters and feature approximately 600 residential units. 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 treatment systems. The low construction and maintenance costs, teamed with unmatched sustainable credentials, offer a substantial return-on-investment for Tatweer Misr.
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.