$600m Sharm El Sheikh luxury resort showcased
Chilean company to reveal latest lagoon project at Cityscape Global
Crystal Lagoons Corp. the patented technology developer of giant crystalline lagoons, returns to Cityscape Global this October and will be showcasing a second saltwater lagoon in the popular tourist resort of Sharm El Sheikh .
“Our second Sharm El Sheikh project will be the centrepiece of a new US $600 million luxury resort being developed by leading Egyptian tourism company Radamis for Hotels & Touristic Resorts,” said Kevin P. Morgan, the newly appointed CEO of Crystal Lagoons Corp.
“Aimed at the high-end traveller, the resort covers 75 hectares with 2,500-rooms across three separate hotels and 2.7 hectare lagoon offering an unlimited selection of water sports.”
The Radamis’ Sharm El Sheikh resort is Crystal Lagoons’ latest Egypt project with the company already licensing its technology in what will be the world’s largest manmade lagoon as part of the Citystars Sharm El Sheikh resort.
This 12-hectare ‘mega lagoon’ will surpass the current Guinness Book of World Records holder, Chile’s San Alfonso del Mar resort, Crystal Lagoons’ first project.
Part of a mixed-use project developed in partnership with Egypt’s Golden Pyramid Group, Citystars Sharm El Sheikh will feature a series of 10 saltwater lagoons, covering a combined area of 100 hectares and including the world’s largest lagoon, to create a unique desert oasis and new tourism landmark for the region.
The development, which is currently under construction and expected to open before the end of the year, will offer 1.2 million square metres of residential units, hotels, golf courses, marinas, a museum and a commercial centre.
The largest real estate event in the Middle East, Cityscape Global 2012 takes place from 2-4 October at the Dubai International Convention and Exhibition Centre.