New Jakarta office for Emaar Properties

[Mindy]

Emaar Properties, the Dubai-based property developer with a significant presence in 36 markets globally, has accelerated its development plans for Indonesia with the opening of its country office in Jakarta.

The office will steer the development of Emaar's first project in the country, the mega-tourism and mixed-use project in Lombok, and also explore new opportunities for growth.

Emaar is one of the first developers from the Middle East and North Africa region to expand into Indonesia, an emerging market with strong growth potential, especially in the tourism sector. The Lombok site, to spread over 1,175 hectares, will be an environmentally friendly project that will energise the country's tourism sector.


The opening of the office follows the joint venture agreement recently signed in Dubai by the Bali Tourism Development Corporation (BTDC) and Emaar to undertake the Lombok project. Master planning for the Dh2.2 billion development is scheduled to begin in April.