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Emaar withdraws from US$600 million Lombok project JAKARTA - The Jakarta Globe reports that a massive US$600 Million mega-resort planned for South Lombok is now in jeopardy. The project of shopping, recreation areas, golf courses and luxurious hotels on a 1,200 hectare site is a "pet project" of Indonesia's Vice President, Jusuf Kalla, who personally invited Dubai's state-owned Emaar Properties to spearhead the investment.

Citing bureaucratic delays and an inability by the government to fulfill its obligations, Emaar announced that thy have closed their Jakarta office and are abandoning it plans for investing in Indonesia. Elly Savitri, a representative of Emaar said. "there have been too many delays on the realization of the project and the company just could not wait any more."

Jakarta Globe coverage suggests that greed on the part of government officials seeking hand-outs may have also played a role in a decision to cancel the project. Meanwhile, others suggest that the worsening global financial crisis may have adversely affected the liquidity of Emaar and diminished their keenness to pursue the Lombok investment.

Lombok is almost certain to be sent reeling by Emaar's decision to quit the project, seen as the catalyst for planned new roads and a new international airport in Lombok. The final project was targeted to host 10,000 luxury villas, eight hotels and two 18-hole golf courses. Emaar told the press that they have already expended US$4.2 million in consultancy fees in connection with the Lombok project.

Jusuf Kalla's plans to woo Middle Eastern investors appears to be in serious strife. The withdrawal of Emaar from the US$600 million Lombok Project follows the recent pull out of the Saudi Arabian Bin Laden Group from a US$4.3 billion agricultural project planned for Papua. Vice President Kalla has reportedly convened a special meeting of cabinet ministers in a last ditch effort to salvage the prestigious Lombok project.



Posted in Economy @ 17 March 2009 05:05 CET by Jeroen · 'Blog' RSS feed · permalink





dekarre
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(Edited) Posted @ 17 March 2009 19:23

Het grote project EMAAR in Lombok is in gevaar, en komt er misschien niet:
www.balidiscovery.com/messages/message.asp?Id=5120



kiwimave
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(Edited) Posted @ 17 March 2009 19:24

Liever geen Arabische investeringen in Indonesie. Laat die woestijnrovers maar in hun eigen zandbak gaarkoken.



monyet
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kiwimave
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(Edited) Posted @ 17 March 2009 23:15

Ik denk dat niemand in Indonesie zit te wachten op een paar dikbuikende Arabieren die behoefte hebben aan een tijdelijke vrouw/slet in Indonesie, 100% halal, want getrouwd in de Moskee) of niet. Want daar zou dat resort natuurlijk voor worden opgezet, rijke Arabieren die daar met hun groene blaadjes de bloemetjes kunnen buitenzetten..

Ik lees trouwens verderop: The withdrawal of Emaar from the US$600 million Lombok Project follows the recent pull out of the Saudi Arabian Bin Laden Group from a US$4.3 billion agricultural project planned for Papua"

Alsjeblieft..laat die arme Papuaers nou toch eens met rust. Dit project was alleen maar bedoeld om de rest van de regenwouden in Papua met de grond gelijk te maken en om alle Papuaers al dan niet gedwongen te islamiseren. Ik ben recent nog in Papua geweest, de Jan met de pet aldaar heeft al voldoende problemen, laten we niet dan nog meer problemen erbij creeren voor ze




Slamet Gunung Jaya
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HA Ha HA, Super, In mijn ogen heb je helemaal gelijk, kan me helemaal vinden in je tekst KIWI. Ik heb zelf ook een stuk grond op Lombok en zit zeer zeker niet te wachten dat West Lombok gaat veranderen in Oost Lombok met die arabische..sjeit..mentaliteit.
Laat Indonesie toch zijn eigen Islam Cultuur behouden en niet richting die schijnheilige arabische moeder nkrs.
Ik moet er wel bij zeggen zoals altijd niet alles over een kam want de arabieren die al generaties in indonesie wonen buiten gesloten, die zijn nog releaxter dan menigene verarabiserende Indonesier
Pancacila voor indonesie daar geloof ik nog steets in en ik weet binnen de TNI delen ze mee met die gedachten. Emoticon: Bye bye










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