ID :
67290
Tue, 06/23/2009 - 17:38
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Shortlink :
https://oananews.org//node/67290
The shortlink copeid
UAE's Emaar, Indonesian Government extend Lombok Project JV
Dubai, June 23, 2009 (WAM) - 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.
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.
