Crystal Lagoons expands Middle East success with Saudi Arabia master agreement partnership with A’amal group

Crystal Lagoons expands Middle East success with Saudi Arabia master agreement partnership with A’amal group

MIAMI /PRNewswire/ -- Crystal Lagoons enters the largest country in the Middle East, Saudi Arabia, with a new mega deal to develop real estate, hospitality, and Public Access Lagoons™, also called PAL™, projects. The development plan consists of several luxury complexes, which will be located in coastal and inland cities such as Riyadh, as well as Jeddah, Dammam, Medina, and Khobar.

The multinational innovation company, founded by scientist Fernando Fischmann, has partnered with A'amal Group, a major holding company with interests in the investment, hospitality, real estate & energy development across the Middle East, Asia and Africa. The company's Founder & CEO Yassin Al Suroor, is also the Founder & CEO of DANA investment, specialized in the digital economy. He is a board member of several regional and international companies, as well as nonprofit global organizations.

With the new partnership with A'amal Group, Crystal Lagoons consolidate its presence in the Middle East, where it already has ongoing projects in the UAE, Egypt, Israel, Palestine and Oman. In fact, the world's two largest crystalline lagoons are located in the Middle East: District One in Dubai (30 hectares) and Citystars Sharm El Sheikh in Egypt (12.8 hectares).

"I am very pleased to announce this strategic