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Middle East investors eye Indonesian resort

24 July 2010

The Indonesian government plans to reissue a tender for a resort project in Lombok after Dubai-based real estate developer Emaar Property pulled out citing financial problems. Speaking to The Jakarta Post, Investment Coordinating Board Chairman Gita Wirjawan said: "Four investors, from Abu Dhabi, Qatar, India and the United Arab Emirates are interested in the project," adding the government was still preparing the tender for the resort project, which would require a $600m minimum investment. Earlier this year the government terminated all commitments with Emaar on the project.

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