MENAFN - 01/05/2007
(MENAFN) Emaar Properties, one of the world's largest real estate firms, is planning to build a $600 million mixed-use project in Indonesia's Central Lombok Island on an area of more than 1,200 hectares, Gulf News reported.
The project will include seven-kilometer natural waterfront which will support a marina, residential clusters and resorts managed by five-star hospitality chains, as well as a golf course and retail facilities.
It is worth mentioning that Emaar currently has an overseas development portfolio of over $60 billion and a significant presence in the emerging markets in Middle East and North Africa, India, the US and Europe.
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