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 signed by the Bali Tourism Development Corporation (BTDC) and Emaar, in Dubai recently, to undertake the Lombok project. Masterplanning for the 5.4 trillion Rupiah (euro) development is scheduled to begin in April.

“With our development plans for Indonesia, Emaar is consolidating its geographic expansion in Asia,” said Mohamed Ali Alabbar, Chairman, Emaar Properties. “Emaar’s country office in Jakarta will lead the company’s efforts at identifying new growth opportunities in the country, and also ensure the on-schedule delivery of the Lombok project, which has the potential to create a new tourism hub like Bali.”