Emaar Properties expands to Southeast Asia with AED 2.2 billion project in Indonesia's pristine Lombok Island.

From: Middle East and North Africa Business Report | Date: May 1, 2007 | Copyright information

May 1--Emaar Properties, the UAE-based global property developer, has expanded its geographic presence in to Southeast Asia with a mixed-use project in Central Lombok Island in Indonesia. The development value of the project, spread over 1,200 hectares, is AED 2.2 billion (US$600 million; IDR 5446 billion). In the presence of Indonesian Vice President His Excellency Jusuf Kalla, Emaar Properties Chairman Mr Mohamed Ali Alabbar signed a Memorandum of Understanding (MoU) with Mr Muha...

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