Jakarta (ANTARA News/Asia Pulse) - Dubai-based property developer Emaar Properties on Tuesday denied a report that it had pulled out of a long delayed US$600 million tourism project in Bali's neighboring island of Lombok.

Emaar has submitted an expression of interest to the Bali Tourism Development Corp in accordance with the tender procedure recently launched by the government of Indonesia, Emaar said in an e-mail to the newspaper Jakarta Globe.

On Monday, the Al Khaleej newspaper in the United Arab Emirates quoted Moh. Supriyadi, the Indonesian ambassador to the UAE, as saying Emaar had abandoned the project.


Source:
Business in Asia Today - March.10, 2010
published by Asia Pulse

Editor: Ricka

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