Record year for the expansion of PAL™ projects

14/12/2022

Crystalline lagoons have a unique value, because enhance urban and tourist areas of different countries and cultures and create an environmentally friendly meeting place. This explains the undisputed success of Crystal Lagoons which continues to expand worldwide and set a record year with projects developed under the successful Public Access Lagoons™ model.

During 2022 the company expanded into over 15 new markets and ended the year with over 810 PAL™ projects at different stages of development. The multinational innovation company recently signed mega commercial contracts in Japan, Australia, Polynesia, Cambodia and Saudi Arabia. Also, throughout the year, the company completed agreements to enter India, Israel, Palestine, Hungary, the Czech Republic, Romania, Poland, Ghana, Nigeria, the Philippines, Luanda, Ukraine and Guyana, and will soon move into Senegal and the Bahamas.

The mega deals for Japan and the Oceania region were signed with Australian investment fund Vibranium Capital Partners and will see the construction of a total of 56 complexes. The 30 PAL™ projects to be built across Japan are expected to be well received by the local market give the wide appreciation for public infrastructure and urban parks in Japanese culture. Meanwhile, the deal also represents a major global acknowledgement of Crystal Lagoons’ intellectual property and technology. For its part, the conquest of Oceania will cover Australia, New Zealand and Polynesian islands, as well as Cambodia, with 26 public access developments.

The contract signed in Saudi Arabia is another major commercial coup for the company with an agreement to build 20 luxurious complexes. The Al Saud royal family, through its conglomerate A’amal Group, will be Crystal Lagoons’ partner in what is the largest country in the Middle East, and start with projects in the cities of Riyadh and Jeddah.

India also marks a special milestone for the company. As well as being the world’s second most populous nation, it is also Crystal Lagoons largest contract signed to date with plans to build 100 PAL™ and real estate projects that will bring idyllic beach life to coastal and inland cities including New Delhi, Mumbai, Bangalore, Kolkata, Goa, Hosur, Chennai and Hyderabad.

The signing of mega-agreements for both Israel and Palestine, literally within weeks of each other, is also a major endorsement of both the attractiveness of the crystalline lagoons concept and the sustainable nature of its technology for inland and arid cities. Jericho, the world’s oldest city, will be the first to see a public access development in Palestine, while Israel will see developments in Tel Aviv, Haifa, Rishon LeZion, Netanya and Petah Tikva.

In Crystal Lagoons’ biggest market, the United States, where it has more than 260 projects at different stages of development, the company inked agreements to bring 12 PAL™ developments to South and North Carolina. Crystal Lagoons already has a strong presence in the states of Florida, Georgia, Texas, Utah, Alabama, Tennessee and Mississippi, many of which with developers who are expanding their existing contracts to include new geographical areas.

In other parts of the globe, mega commercial agreements are in place for Korea (30 complexes), Pakistan (15 projects), Colombia (13 developments), Costa Rica and Guatemala (11 complexes), and seven projects in historical European cities.

Anyone can access PAL™ projects on payment of an entrance fee, where they can experience a veritable tropical paradise in the middle of the city with a crystal-clear lagoon suitable for swimming, water sports and white sandy beaches. Additionally, the area surrounding the lagoon has space for fairs, launches, food halls, weddings, hotels, stores, restaurants, multi-stage concerts, outdoor terraces, arenas and amphitheaters.

PAL™ projects have won several international awards for Crystal Lagoons’ sustainable technology, since they cut carbon emissions by more than 40% (14 million tons of CO2 per year) by reducing the number of trips people take to coastal destinations by around 50%.

Noticias Destacadas

PAL™ projects of Crystal Lagoons expand into Israel

28-04-2023

Technology and improving the quality of life through innovation are the concepts that Crystal Lagoons and Israel share. In this country, one of the most innovative in the world, the multinational company founded by scientist Fernando Fischmann has entered with a new agreement to develop Public Access Lagoons™, also known as PAL™ projects, real estate, and mixed-use complexes.

The WOOOW! Entertainment projects, developed with the international real estate holding ECIPSA Group, will be located in different cities throughout the country. The developments will give Israeli city-dwellers access to an idyllic beach life all year round, irrespective of their particular climate, and will include a large crystalline lagoon suitable for swimming and water sports, with white sandy beaches. Also, they could include hotels, residential areas, gastronomic poles, retail, and beach clubs, among others.

Israel and Crystal Lagoons also share a commitment to sustainability and water protection, and the technology of the multinational has won several international awards for its sustainability. A vital feature of these lagoons is that they can use any type of water, including seawater and brackish water from arid areas, with no alternative use. This combination of factors paved the way for the debut of Crystal Lagoons in Israel, a country that has pioneered water protection.

The centerpiece of the PAL™ real estate and mixed-use projects will be a lagoon powered by Crystal Lagoons® technology, and, in the case of those with public access, any person will be able to access through the entrance fee.

“The fact that one of the world’s leading countries in innovation and water sustainability is welcoming Crystal Lagoons is a tremendous endorsement of our technology,” said Francisco Matte, regional director for Crystal Lagoons.

The company’s sustainable technology has been crucial to its success in developed countries. The lagoons only need filling once, operate with a closed-circuit system, can use any type of water (sea, brackish and fresh), and use 40% less water than a green area. Additionally, they use up to 100 times fewer chemicals than a swimming pool and only 2% of the energy of a conventional filtration system, certified by Bureau Veritas.

PAL™ developments have caught the attention of significant market players worldwide, with high-profile contracts signed in: the United States, Japan, Saudi Arabia, India, Korea, Palestine, Pakistan, Europe, and Colombia, among others.

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Crystalline Lagoon opens in the Costa del Lago project

21-04-2023

Crystal Lagoons is making steady progress in Paraguay, a strategic market in Latin America where it has consolidated its success with projects in regions with great development potential and where the crystalline lagoons are the preferred amenity. Recently inaugurated crystalline lagoon in the Costa del Lago project, bringing beach life to Hernandarias, located a few minutes from Ciudad del Este.

Costa del Lago is Crystal Lagoons‘ fourth project in association with Raíces Real Estate, in addition to the Aqua Village (San Bernardino) and Blue Lagoon (Pedro Juan Caballero) developments, and a fourth complex, Aqua Terra (Luque), which will open its doors in the coming months.

Costa del Lago stands out for its sheer size, which expands over 740 acres, and its huge 8,6 -acre turquoise crystalline lagoon developed with Crystal Lagoons® sustainable technology. “The amenity invites you to connect with nature and create moments of relaxation,” the Paraguayan press notes.

The various neighborhoods offer single-family lots, houses, apartments, and enjoyment of its inhabitants, along with a clubhouse with all the amenities to celebrate special occasions and an environment of indescribable natural beauty. The complex also has sports areas and a marina with access to Lake Itaipu exclusively for water activities with motor equipment.

Crystal Lagoons® technology is changing the lives of millions of Paraguayans by bringing a piece of the ocean to the cities and creating urban beach life, just as 200 years ago, an architect in England brought a piece of the forest to the city of London and urban parks were created.

Última Hora

Crystal Lagoons Expands Middle East Success

14-04-2023

Crystal Lagoons enters the largest country in the Middle East, Saudi Arabia, with a new mega deal to develop real estate, hospitality, and Public Access Lagoons™, also called PAL™, projects. The development plan consists of several luxury complexes located in coastal and inland cities such as Riyadh and Jeddah, Dammam, Medina, and Khobar.

The multinational innovation company, founded by scientist Fernando Fischmann, has partnered with A’amal Group, a major holding company interested in investment, hospitality, real estate & energy development across the Middle East, Asia, and Africa. The company’s Founder & CEO, Yassin Al Suroor, is also the Founder & CEO of DANA Investment, which specializes in the digital economy. He is a board member of several regional and international companies and global nonprofit organizations.

With the new partnership with A’amal Group, Crystal Lagoons, has consolidated its presence in the Middle East, where it already has ongoing projects in the UAE, Egypt, Israel, Palestine, and Oman. The world’s two largest crystalline lagoons are located in the Middle East: District One in Dubai (30 hectares) and Citystars Sharm El Sheikh in Egypt (12.8 hectares).

“I am very pleased to announce this strategic alliance between A’amal Group and Crystal Lagoons and the potential that it holds for Saudi Arabia. We believe this partnership follows our vision for the future and are confident that working in synergy will lead to developing unique destinations throughout the country.” Said Yassin Al Suroor, President & CEO of A’amal Group

At the center of these PAL™ developments are large crystalline lagoons suitable for swimming and water sports, surrounded by white sandy beaches open to the public for a fee. The complexes also have commercial areas, restaurants, weddings, hotels, concert venues, terraces, amphitheaters, etc.

“Closing a strategic partnership like this for 10 PAL™ projects in Saudi Arabia is a milestone that validates our uniqueness and adds value as a brand. It also shows that the Crystal Lagoons® concept and technology can bring idyllic beaches anywhere in the world, even to the middle of the desert, and create unique tourism opportunities,” said Alastair Sinclair, Regional Director of Crystal Lagoons.

Crystal Lagoons experienced record global expansion in 2022 with its PAL™ projects. The company entered over 15 new markets and closed mega business deals in countries including Japan, Australia, India, Israel, and Palestine.

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