Lombok Resort Still Facing Land and Share Disputes

Land speculation was also a problem, with Gusmin noting that 135 hectares allotted for the site were currently held by locals who refused to sell their land.

I Made Manda, BTDC’s president director, earlier said Emaar would not break ground on the project until all 1,200 hectares were cleared for use.

But according to Alwi Shihab, the presidential envoy to the Middle East, Emaar wanted to put up only 70 percent of the capital while maintaining an 85 percent stake in the venture.