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Crystal Lagoons ‘dramatically’ expands it Asian footprint

Mar 14. 2017
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By The Nation

Crystal Lagoons, a “water innovation” multinational company, says it closed 2016 with more than 600 projects in either development or negotiation in 60 countries.

It said the figure represents an increase of 50 per cent compared to the 400 projects the company had at the start of 2016.

The company said it also had patent-protected its “novel” technology in 190 countries last year – a 36 per cent increase on the 160 patents it had secured at the start of 2016.

In Asia, Crystal Lagoons said it continues to add value to properties, with 20 projects currently in various stages of development.

Currently, there are two projects in operation – Bintan Treasure Bay in Indonesia and another project in Hua Hin, Thailand, the firm said.

During 2017, the company plans to sign two projects in Thailand, South Korea and Malaysia, three projects in Vietnam and one deal in Indonesia.

In regards to Thailand, Crystal Lagoon regional director for Southeast Asia, Jaime Rivera, said in a press release: “Crystal Lagoons has confirmed its interest in the country, projecting 15 developments in the next three years – representing US$2 billion [Bt70.6 billion] of investment – in cities such as Bangkok, Phuket, Chonburi and Sattahip.”

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