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FINANCIAL NEWS
Crystal Lagoons signs $1.7b deals
12 Oct 2010
(MENAFN) Creator and owner of Crystal Lagoons Corp, the world?s first crystalline lagoon developer, Fernando Fischmann said that the company has won $1.7 billion agreements on the sidelines of the Cityscape Global event in Dubai to construct new lagoons in India, Oman and Turkey, Khaleej Times reported.
The largest of the three projects, worth $500 million will be built near Muscat, Oman, in conjunction with Alargan, one of Kuwait?s leading developers. In addition to a seven-hectare lagoon, the site will also feature three hotels, 400 villas and 800 apartments.
The company is planning a four hectare lagoon as the showpiece of the $450 million ?Olivian? luxury project in Turkey including 2,000 villas and an 18-hole golf course.
The major deals signed by Crystal Lagoons are to enable the company entering new markets and give a boost to the local economies in each area.
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