Emaar Properties has signed a joint venture with The Bali Tourism Development Corporation (BTDC) to undertake the Lombok mega-tourism and mixed-use project.
The flagship Lombok project is envisaged as a world-class residential and resort community sprawling over 1,175 hectares. Masterplanning for the AED 2.2 billion (US$600 million; IDR5446 billion) development will begin in April. Set on the pristine Kuta and Tanjung beaches, the project will be environment-friendly and integrate residential, leisure and hospitality zones. The JV will also explore further growth opportunities in Indonesia.
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