Crystal Lagoons wins $2bn tourism project in Egypt

Crystal Lagoons, the patented technology developer of giant crystalline lagoons, has scooped a $2 billion project in Egypt, said a report.

The company has been contracted for the six-phase Bo Islands project being developed by Maxim Real Estate, part of the multi-faceted Maxim Holdings group of companies, the Times of Oman reported.

Located on the Alexandria-Marsa Matrouh north coast road, the upscale $1.8 billion tourism and residential community will cover an area in excess of 10 million sq m.

“This will be our largest North Africa project to date, with 32 hectares of crystalline lagoons, which once completed, will be the largest manmade lagoon in the region. This is a phenomenal undertaking and one that we are eager to get off the ground as soon as possible,” said Carlos Salas, regional director (Middle East) of Crystal Lagoons.

Phase one of the project will be completed in the first quarter of 2018 and will comprise a 17.5 km beachfront complemented by an impressive 32 hectares of sparkling lagoons.

The development will feature 1,115 top quality standalone villas and chalets, along with two luxury waterfront resort hotels offering 300 guestrooms, and an array of five-star services from world-class restaurants and state-of-the-art health and fitness facilities to waterfront retail and an electronic tram system.

The company already holds two ‘Guinness World Records’ titles with successful locations at San Alfonso del Mar, Chile and Sharm El Sheik, Egypt, which is currently the world’s largest lagoon at 12.2 hectares. Its global portfolio of 300 projects located in 60 countries now includes a total of eight operational or under development sites in the Middle East, including Jordan, Egypt, Saudi Arabia, Oman and the UAE.