Regional News

Crystal scoops lagoon contracts in Egypt

March 2016

Crystal Lagoons, the patented technology developer of giant crystalline lagoons, said it has won two prestigious contracts at developments worth nearly $2 billion in Egypt, including a deal to develop the largest-ever water-based leisure attraction in the North Africa region.

The six-phase Bo Islands project is being developed by Maxim Real Estate, part of the multi-faceted Maxim Holdings group of companies, said Crystal Lagoons. Located on the Alexandria-Marsa Matrouh north coast road, the project will cover an area in excess of 10 million sq m and is being developed at a total cost of $1.8 billion.

Carlos Salas, the regional director (Middle East) at Crystal Lagoons, said the first phase of the project, equal to 10 per cent of the total area, will cost an estimated $455 million and is expected to be completed in the first quarter of 2018. Phase One will boast of 17.5 km of powder-white sand beachfront complemented by an impressive 32 hectares of sparkling lagoons, which will be home to a host of water-based activities.

Crystal Lagoons’ second project is the two-hectare El Gouna community development on Egypt’s Red Sea coastline and the centrepiece of the $100-million mixed-use hub being developed by Hassan Allam Properties.

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