Aegea Catering to the Growing Global Equestrian Community as Part of its Mega Resort in Florida

Aegea Catering to the Growing Global Equestrian Community as Part of its Mega Resort in Florida

By: Dylan Sikes - AllPennyStocks.com News

Tuesday, November 12, 2013

Globally, equestrian sports are growing in popularity. According to Sport England, horse riding is a top ten sport with in excess of 331,000 people aged 16 and up involved in the sport for more than 30 minutes a week in 2012. Beijing, China, is now home to more than 100 equestrian clubs with more than 100,000 people involved in the equestrian scene in that city alone. In Germany, the horse population has more than quadrupled in the last four decades to more than one million horses, with more than 8.7 million Germans participating or interested in the sport, according to research firm Ipsos. In the United States, there are nearly 10 million horses with roughly 5 million people involved in the equestrian industry in some way. Research by the United States Equestrian Foundation dispels any misconceptions that equestrian sports are only for the wealthy. Data shows that about one-third of all horse owners have a household income under $50,000 and 46 percent of all horse owners have income between $25,000 and $75,000. From a marketing and industry perspective, this is a prime demographic with considerable growth potential.


Aegea, Inc. (OTCBB:AEGA) is undertaking a massive project to develop an international community in the heart of Florida with a significant component catering to the equestrian sports industry. So-named after the ancient advanced society and international commerce hub in the Mediterranean that mysteriously disappeared 40 centuries ago, Aegea is a planned community and resort based upon a new concept dubbed “entertainment living,” with authentic architecture from around the world and idyllic settings that create an immersive environment for its residents and visitors.

Ten different theme parks are planned as part of the community, ranging from future concepts to mythological realms that had their genesis in ancient Aegea, utilizing modern technologies to create rides and experiences of the next generation theme park. Interconnected waterways and tram systems will transport guests between theme parks, sports complex, hotels, shops and restaurants. Residential living will be equally diverse, according to Aegea, with residents able to choose from limitless possibilities of scenery, such as a tranquil blue lagoon, rolling countryside or Italian villa, to name just a few.

The company says that the equestrian complex will be a world-class facility with a 60,000-seat indoor equestrian stadium, arenas to accommodate Olympic disciplines (such as dressage, hunter/jumping and reining), first-ever indoor polo stadium, thoroughbred racetrack and residential homes, including large estates.

In order to set the wheels in motion for this component of the much-larger project, Aegea has inked a non-binding letter of intent with World Development Group International, a construction firm specializing in high-end equestrian complexes and residences. The LOI contemplates WDGI becoming the exclusive development partner of Aegea’s equestrian homes and sporting facilities. WDGI last year completed the Global Dressage Complex in Wellington, Florida, a state-of-the-art equestrian event center that consists of one of the largest clear-span covered areas in the world. Exemplifying its name in the industry, the World Development Group Award is presented to the winner of selected equestrian classes throughout the winter dressage circuit in south Florida.

To be fair, while an extremely intriguing proposition (and one that would be really cool to visit if completed), Aegea has tasked itself with an enormous project. To give a bit of color to the magnitude: The proposed site is about 40 square miles in size, making it about 84 percent the size of the Walt Disney World Resort in Florida (47.65 square miles). After about years of planning and three and a half years of construction, Magic Kingdom was opened as the first part of Disney World in 1971. It covered approximately 107 acres (0.17 square miles) and is reported to have cost between $300 million and $400 million. The other three theme parks were added over about 25 years.

Investor support to date seems to be strong, according to announcements from Aegea, and the company is in the process of finalizing the site for the project, with a decision expected by the end of the year. Potential visitors are certainly not an issue with tens of millions of tourist coming to central Florida annually and the equestrian component driving additional international guests to support revenue growth. The challenge rests initially in raising the capital and keeping the share structure in some semblance of order in doing so. From a 30,000-foot view, this is an interesting company with a compelling plan to build one of the world’s largest theme parks/communities, but remember that Disney wasn’t built in a day and neither will be Aegea. Proper due diligence, as always, is encouraged.

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