Crystal Lagoons signs agreement for $117m development in Egypt

WCN Editorial Team 31 May 2017 AFRICA ENERGY & UTILITIES

Water innovation firm Crystal Lagoons has inked a deal with Egypt-based real estate company Tatweer Misr for a $117m development in Ras Al Hekmah, Egypt.

The new Fouka Bay development, which is Crystal Lagoons’ second contract signed with Tatweer Misr, has been designed by Italian architects 5+1AA.

The new project will consume 30 times less water compared to a golf course, and 100% less chemicals than a traditional filtration system. It will also use 98% less energy versus traditional water treatments systems.

Work on the project is due to be wrapped up by 2022.

Crystal Lagoons Middle East regional director Carlos Salas 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.”

Crystal Lagoons and Tatweer Misr previously also teamed up to develop the first mountain lagoon in the world in Sokhna.

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