Egypt's FEC, TRAIN partner to support food exporters    Spot Gold, futures slips on Thursday, July 17th    Egypt's EHA, Huawei discuss enhanced digital health    Egypt expresses condolences to Iraq over fire tragedy    Egypt, Oman discuss environmental cooperation    Egypt's Environment Minister attends AMCEN conference in Nairobi    At London 'Egypt Day', Finance Minister outlines pro-investment policies    Sukari Gold Mine showcases successful public–private partnership: Minister of Petroleum    Egypt's FRA chief vows to reform business environment to boost investor confidence    Egyptian, Belarusian officials discuss drug registration, market access    Syria says it will defend its territory after Israeli strikes in Suwayda    Pakistan names Qatari royal as brand ambassador after 'Killer Mountain' climb    Health Ministry denies claims of meningitis-related deaths among siblings    Sri Lanka's expat remittances up in June '25    EU–US trade talks enter 'decisive phase', German politician says    Egypt's Health Min. discusses drug localisation with Sandoz    Needle-spiking attacks in France prompt government warning, public fear    Foreign, housing ministers discuss Egypt's role in African development push    Korea Culture Week in Egypt to blend K-Pop with traditional arts    Egypt, France FMs review Gaza ceasefire efforts, reconstruction    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Crystal Lagoons, Tatweer Misr $117 million Egypt project deal
Published in Amwal Al Ghad on 29 - 05 - 2017

Crystal Lagoons, the multinational water innovation company and developer of crystal clear lagoons, has partnered with Egyptian property developer, Tatweer Misr, to bring idyllic beachfront living to the $117 million Fouka Bay development in Egypt.
Fouka Bay, the 12th project of Crystal Lagoons in the country, has been designed in collaboration with world-renowned Italian architects 5+1AA and enjoys a prime position along the pristine coastline of Ras El Hekma region.
The resort is a two-hour drive from capital Cairo and is easily accessible via the newly constructed Fouka Road.
It features a variety of luxurious and architecturally stunning residences with panoramic views of the coastline and 800-m-long stretch of white sandy beach. The project is expected to be completed by 2022, said a statement from Crystal Lagoons.
This is the second contract Crystal Lagoons has signed with Tatweer Misir, the first being a ground-breaking project in its flagship development Il Monte Galala in Sokhna, which will see the birth of the world's first mountain lagoon.
The move brings the ‘world's top amenity' to the heart of the Fouka Bay project effectively turning each house into a waterfront home, it stated.
In addition to enhancing the aesthetic appeal of the destination, the crystal-clear lagoon will add significant value to the development by offering a range of USPs, including ample space for non-motorised watersports, such as sailing, kayaking, paddle boarding and swimming, all in a safe environment.
The lagoons are developed using 30 times less water than a golf course, half the water required of a park of the same size, 100 per cent less chemicals than a traditional filtration system and 98 per cent less energy required by conventional water treatments systems., it stated.
The low construction and maintenance costs, teamed with unmatched sustainable credentials, offer a substantial return-on-investment for TatweerMisr, it added.
Carlos Salas, the Middle East regional director of Crystal Lagoons, said: "Our latest venture with TatweerMisr is further testament to the vital role Crystal Lagoons plays in the successful introduction of new and existing real estate and hospitality projects to the market."
"Our hi-tech, energy efficient lagoons are an increasingly popular amenity choice for forward thinking developers in Egypt seeking an affordable, long-term solution for sustainable development," he added.
Ahmad Shalaby, the managing director, TatweerMisr, pointed out that its partnership with Crystal Lagoons has allowed the company to provide added value that is based on innovation for its guests and residents.
"The development of those projects has resulted in a unique value proposition that has provided each of our residents the dream beach house be it on the Mountains in Sokhna or the North Coast resort of Fouka," noted Shalaby.
Crystal Lagoons currently has 600 projects at various stages of development worldwide. The company has experienced incredible growth in Egypt over the past two years – the country is currently its fifth largest market with projects worth over $5 billion.
"We are now present in three of the country's main second home destinations – namely the north coast, Sharm El Sheikh and the Red Sea coast. Many of our 12 projects are currently in the design stage, although we will start to see some of the first ones coming online in the North Coast later this year," said Salas.
"Our proposition is particularly appealing to our business partners in Egypt – especially considering we can use any kind of water including brackish from underground aquifers that has no other use, eliminating the need to consume valuable fresh water resources," he added.
Source: TradeArabia


Clic here to read the story from its source.