Morocco to Get Artificial Lagoons in Major Cities, Including Marrakech and Fez
Fez and Marrakech will no longer have anything to envy seaside towns. The American group Crystal Lagoons, in partnership with Moroccan investors, plans to build artificial lagoons there.
In total, 6 tourism-oriented projects will be launched in Morocco, despite the Covid-19 pandemic. Negotiations with Moroccan private operators would be at an advanced stage, announced the regional director of the American multinational, Francisco Matte.
Casablanca, Rabat, Tangier, Fez, Saidia and Marrakech. These are the 6 sites chosen by Crystal Lagoons for the development of Public Access Lagoons (lagoons accessible to the public). To this end, framework agreements are being finalized with investment funds, wealth managers and real estate trusts, said the regional director.
An original and patented technological concept of the company, the PALs offer year-round swimming conditions similar to tropical beaches. A very lucrative niche due to the low investment cost ($2.2 million for a 2-hectare lagoon) and a guaranteed annual return of around $15 million, assures Francisco Matte.
In addition to the crystal-clear lagoon, bordered by fine sand, the lagoon has private lounges, restaurants, open-air esplanades for shows, shops, a wedding hall and many other amenities, adds the regional director, specifying that this depends on the budget allocated to the project.
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