Indonesian Political, Business & Finance News

Vice president calls for immediate land clearance in Lombok

| | Source: JAKCHAT
And the Arabs signed the takeover deal in Kalla's office:

Lombok Post, May 01 2007
The Dubai investor is really serious in developing the LTDC former land in Central Lombok. This is proved by the assignment of MoU with PT.EMAAR Properties LLC (Dubai, UEA) last Monday. The taking-over of tourism in South Coast of Central Lombok was signed by Muhammad Ali Albar (Dubai UEA) in Vice President, Yusuf Kalla’s office in Jakarta.

EMAAR property is one of the biggest company groups who invest in properties and financial in some foreign countries like; America, Europe and Asia. EMAAR is also one of the world biggest companies who own some international class hotel businesses. The investment on the LTDC former land is estimated to cost up to 600 to 700 million dollars. It has been planned that the realization of this project will be done in parallel with Lombok International Airport.
Tags: business
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