INDONESIA - US$800 Million Tourism Investment for Lombok

Balidiscovery.com, (8/4/2007)

Taj Hamaad, an Advisor to the Dubai-based Group Emaar International Properties, have confirmed that they will invest US$800 million in a new tourism resort development in Lombok, an island just east of Bali.According to Hamaad, technical agreements and final a final memorandum of understanding (MOA) are now being hammered out prior to ground-breaking ceremonies planned for later this year.

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