Master agreements gain strength in the United States - Crystal Lagoons
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Master agreements gain strength in the United States

Crystal Lagoons master agreements are contracts that include a significant number of Public Access Lagoons™ projects to develop them in designated geographical areas. In recent times, these agreements have gained strength in the world and also in the United States.

An example of this is the one signed with Epic and Mattel for 16 public access projects, also known as PAL™ developments, in different areas of the United States.

The first one is “Crystal Lagoons Island Resort”, a PAL™ project with which Mattel debuts in the amusement park industry with its brand “Mattel Adventure Park”. It develops in Arizona and it should be open in conjunction with the 2023 Super Bowl, at the Arizona Cardinals stadium, which is adjacent to the project. The idea is that the Super Bowl events take place around the lagoon.

It is a 20 hectares megaproject, surrounding a 4 hectares crystal reservoir and the first Mattel’s amusement park. It will incorporate full-scale roller coasters, Hot Wheels go-karting circuits, Thomas in and outdoor trains, themed food and other entertainments.

The next two projects are expected to be developed out in the states of Texas and Mississippi.

“Leading players in their industries, like Mattel, join under the PAL™ projects to develop new business, because they have identified the model’s triumph worldwide and in the USA. In fact, in the American market Crystal Lagoons has had a meteoric success with its presence in Florida, Texas, California, Alabama, Georgia, Washington DC, and North and South Caroline, among other states”, explains Ivan Manzur, Senior Vice President of Sales de Crystal Lagoons US Corp.

A second mega contract will allow Crystal Lagoons to bring Caribbean flair to Orlando with turquoise waters, white sands and watersports, through at least five PAL™ projects.

The multinational innovation company signed a master agreement with ADËLON Capital for a set of public access projects that include Orlando, Orange, Seminole, Osceola and Sumter Counties. However, ADËLON Capital plans to expand to other strategic locations in the USA, according to Crystal Lagoons.

Even though the city has multiple water parks, it is an urban area with no coastline and no beach culture. But that is what Crystal Lagoons wants to change.

The first project in Orlando, the world’s center of amusement parks, but the only thing missing is beach life, is announced for 2023. Besides, all PAL™ complexes will not only offer beach life and entertainment, but also hotels, developments multifamily, shops, restaurants, spaces for weddings, conferences, concerts and more.

Currently, the United States is the main market for Crystal Lagoons operations worldwide with more than 221 projects in different stages of development and negotiation.

Some of the most recognized real estate projects are Sole Mia, Balmoral, Windsong Ranch, Lake Nona, Sierra Vista, among others and the successful PAL™ projects, in Florida and Texas, Epperson and Lago Mar, respectively.

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PAL™ projects of Crystal Lagoons expand into Israel

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

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.

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Crystal Lagoons Expands Middle East Success

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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