Lombok - Latest News
23-06-2009
UAE's Emaar, Indonesian Government extend Lombok Project JV
The Indonesian Government has extended the joint venture between Emaar Indonesia and PT
Pengembangan Pariwisata Bali (Persero), a government entity, to develop The Lombok
Project by six months. This followed a meeting between the representatives of the
Indonesian Government and Emaar International in Dubai, according to a press release
by Emaar.
As per the agreement, the joint venture partnership has been extended till December
31, 2009, to complete all modalities associated with developing a mixed-use project
set on the Kuta and Tanjung beaches on the island of Lombok.
The Lombok Project is envisaged as an environmentally friendly, integrated residential,
leisure and hospitality zone. The project will have extensive natural waterfront
that supports a marina, luxury residences and resorts by the world's very best
luxurious hospitality operators; the homes will have tropical designs and low-rise
architecture. The development will drive tourism to the region by offering a spread
of activities such as diving, snorkelling, hiking and surfing sports.
– Emirates News Agency, WAM
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