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Emaar withdraws from Lombok project in Indonesia

2010-03-08

Emaar abandons plans to help develop a tourism and residential project with the Indonesian government. The $ 600mn tourism and residential development, Lombok project planned by the Bali Tourism Development Corp., is likely to be put out to tender again as several Gulf-based and Indian developers have shown interest. (Al Khaleej) Armani hotel, part of Burj Khalifa, delays opening to 22nd April 2010. (BBG)


 

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