New resort in Riau

JAKARTA (JP): Singapore-based Riau Investment Resources Pte Ltd will develop a multimillion dollar tourist resort in Bengkalis, Riau.

Company president Mohamed bin Osman said Riau Investment Resources had been approved by the Riau administration to develop the resort on a 3,000-hectare plot owned by its partner PT Datuk Laksamana Raja Dilaut Bukit Batu Bengkalis.

"Eight Singaporean firms have expressed interest in participating in the project," he said as quoted by Bisnis Indonesia daily yesterday.

He said Riau Investment Resources was also looking for other partners to develop other businesses in Bengkalis.

Joint ventures between Indonesian and Singaporean firms have also developed resorts on the islands of Bintan and Batam. (icn)