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Company Building World's Largest Lagoon in Egypt

Company Building World's Largest Lagoon in Egypt

Vacation News » Vacation & Leisure Real Estate Edition | By Alma Kadragic | September 20, 2010 8:00 AM ET



(DUBAI, UAE) -- Among the marvels to be showcased at Cityscape Global in Dubai is the world's largest navigable crystal lagoon being constructed at Sharm El Sheikh on Egypt's Red Sea coast. The builder is Fernando Fischmann, creator and owner of Crystal Lagoons Corp. Cityscape Global opens October 4 and ends October 7.

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Fernando Fischmann,

At present, the largest crystal lagoon in the world is in Chile; in early 2011, that title will go to the 12 hectare lagoon in Egypt. The project features 10 additional giant lagoons holding more than 100 hectares of crystal clear water in the middle of the desert.

"The project is the result of our association with Golden Pyramids Plaza, owned by the Sharbatly family. We have also sealed strategic alliances for a number of other tourism developments including the Amer Group's Soma Bay, in Hurghada, a US$1.2 billion investment that will be operational in 2012," said Fischmann.

At Cityscape Global, Crystal Lagoons will unveil 50 of its ongoing developments throughout the Middle East, including 12 projects in Egypt, some in Cairo and in the new resorts near Alexandria. "In all of these projects Crystal Lagoons provides something that until now was neither technically nor economically possible -- the construction and low cost maintenance of monumental masses of water in a crystalline state that allows a beach life environment and top level aquatic sports within a city," explained Fischmann.

In Dubai the company is completing the first stage of the $1.2 billion Dubai Lagoons project in Downtown Dubai. Crystal Lagoons will construct, maintain, and provide technical support for a pilot lagoon before the end of the year, making it possible to bring a beach lifestyle to the city. The residential development was 80 percent pre-sold thanks in part to the lagoon concept.

This is the first of several projects in association with Schön Properties, with others in Pakistan and Oman. In Jordan Crystal Lagoons is developing a 4.5 hectare lagoon near the Dead Sea, in association with Sama Jordan, owned by the Bani Hani family. The company also has projects in Morocco, Oman, and Saudi Arabia.

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