Public Access Lagoons™ Projects Set for Expansion Across Mena
Gulf Construction magazine has featured Crystal Lagoons® business model expansion in MENA, with announcements expected to made in Egypt, Saudi Arabia, UAE, Morocco, Turkey, Bahrain, Oman, Kuwait and Qatar.
These are just some of the countries across the region in which the firm has developed 23 projects anchored by impressive crystalline water amenities.
The article highlights Mohammed Bin Rashid Al Maktoum City – District One, ranked as having the most expensive square meter in UAE.
Anchored by a 100-acre water amenity powered by Crystal Lagoons technology, it will break the firm’s current Guinness World Record as largest crystalline lagoon.
The current record was awarded to Citystars Sharm El Sheik, centered around a 30-acre lagoon considered a true oasis in Egypt’s Sinai desert.
A revolutionary concept
Crystal Lagoons is expanding its revolutionary Public Access Lagoons™ business model on all five continents, and in particular in the MENA region.
The firm is in advanced negotiations in MENA to develop 33 complexes in Saudi Arabia, UAE, Bahrain, Kuwait, Egypt, Morocco and Turkey.
Also known as PAL, they are monumental crystalline lagoons that create beach life on people’s doorstep, and quickly become the most beautiful location in the city.
The company offers three investment formats. While the basic format includes a crystalline lagoon, beaches and green areas with kiosks, the most complete format also incorporates retail, restaurants and hotels.
“PAL captivate investors due to their commercial versatility, and can be developed with different investment formats. The firm offers models with more or less infrastructure, yet even those with minimal infrastructure are tremendously successful,” says Alastair Sinclair, Regional Director at Crystal Lagoons.
This is reflected in the firm’s success. In just 12 months, totaled 810 PAL in different stages of development and negotiation in 60 countries, representing 90% of the firm’s contracts.