$600m Sharm Al Shaikh luxury resort announced

Dubai: Crystal Lagoons Corp. the patented technology developer of giant crystalline lagoons, returns to Cityscape Global this October, as the company’s Middle East & North Africa business continues to expand.

With major projects in five countries and over 40 locations around the region, Crystal Lagoons will be showcasing under-development initiatives in Jordan, Turkey and the UAE, as well as revealing its latest project, a second saltwater lagoon in the popular tourist resort of Sharm Al Shaikh.

“Our second Sharm Al Shaikh 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. 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”, said Kevin P. Morgan, the newly appointed CEO of Crystal Lagoons Corp.

The Radamis’ Sharm Al Shaikh 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 Al Shaikh 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.

The largest real estate event in the Middle East, Cityscape Global 2012 takes place from October 2-4 at the Dubai International Convention and Exhibition Centre.

http://www.zawya.com/story/600m_Sharm_Al_Shaikh_luxury_resort_announced-GN_26092012_270932/

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