Crystal Lagoons unveils new US$ 4 bn project in Saudi Arabia
Posted on 3rd September 2014According to news in Arabian Business, Crystal Lagoons Corp, the patented technology developer of giant crystalline lagoons, has unveiled its latest Middle East mega project with the launch of a project in Saudi Arabia.
The second project in the kingdom for Crystal Lagoons, the lagoon will be the leisure centerpiece of a 240-hectare mixed-use project under development by the Prince Sultan Cultural Centre (PSCC), located just north of the Red Sea coastal city of Jeddah. Valued at US$4 billion, the project will include a dedicated medical city, cultural centre, educational facilities, luxury hotels, residential villas and apartments supported by extensive leisure facilities including the country's first-ever Jack Nicklaus 9 hole golf course.
Kevin P Morgan, CEO, Crystal Lagoons, said: "This will be the largest manmade crystalline lagoon of its kind in the kingdom and represents yet another milestone in Crystal Lagoons' efforts to expand its Middle East presence."A multi-phased project, with phase one scheduled for completion in 2015, the project has already broken ground and is scheduled to be up-and-running within the next three to five years, he added.
A total of 3,600 residential units comprising apartments, villas and condominiums, will be included in the project while 750 rooms will be spread across three hotels. A business park will be complemented by the proposed medical park, which will include hospitals, clinics and support services administered by Houston Methodist, the largest hospital operator in the US. An international university, two schools, extensive retail and the cultural centre will round out the development.
"The potential of Saudi Arabia's real estate sector makes it one of the most exciting markets in the region right now, and arguably one of the most important. This particular project demonstrates the fluid adaptability of our concept and technology to even the most demanding environment," said Morgan. "With a number of live and pipeline projects across the Middle East, from Egypt to our most recent signings in Oman and the UAE, we are seeing tremendous interest from developers around the region who are keen to differentiate their projects and offer a new dimension to the consumer leisure experience," he added.
Designed to be self-cleaning, Morgan said the lagoons only require topping up in response to evaporation and use up to 100 times less chemicals than traditional pool systems, and only two percent of the energy required by conventional filtering technologies, making them incredibly sustainable.
Crystal Lagoons Corporation is currently involved in over 300 projects in more than 60 countries, including Egypt, Jordan, UAE, Saudi Arabia, Indonesia, Singapore, Colombia, Brazil, Argentina, Peru, Paraguay and United States.Back to all Construction News
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