The nation\u2019s Investment Coordinating Board confirmed to journalists on Tuesday that tender results for the long-delayed $600 million resort project in Lombok would be released in May.<\/p>\n
\u201cWe now have a total candidate of five candidates, and Emaar [Properties] is still one of them,\u201d Gita Wirjawan, chairman of the investment authority also known as the BKPM, said after returning from a trip to cultivate potential partners in Dubai, Doha and India. \u201cConstruction for the project is due to start in the second half of this year.\u201d<\/p>\n
Unveiled in May 2007, the Lombok project envisioned a 1,200-hectare resort that would transform south Lombok\u2019s beachfront into a world-class attraction to be run by Emaar and the Bali Tourism Development Corp. However, the government has been seeking new investors after years-long negotiations with Emaar failed because the Dubai-based developer missed a deadline at the end of 2009 to commit.\u2002JG<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/600m-lombok-mega-resort-tender-results-slated-for-may-1267583047", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }