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El Gouna project El Gouna project

Crystal Lagoons: USD2 Billion Projects in Egypt

Crystal Lagoons landed a duo of ventures, worth almost USD2 billion, in Egypt, including a contract for what is hailed as North Africa’s largest-ever

water-based leisure attraction.

The developer has been signed up for the Bo Islands project, a 10 million square metre upscale tourism and residential community, where the main highlight will be a 32ha crystalline lagoon.

Stage one of the destination is slated for completion in the first quarter of 2018.

The company will also start construction works on the two-hectare El Gouna community development in the second quarter of this year.

According to Carlos Salas, regional director, Middle East, Crystal Lagoons, the residential-meets-tourism concept will target high-end investors who expect the highest standards of leisure facilities.