Indonesia to Reissue Tender on Mega Resort Project
JAKARTA, 24 JULY, 2010: The Indonesian government will reissue a tender for a mega resort project in Lombok of West Nusa Tenggara to other foreign investors after Dubai-based real estate developer Emaar Property pull out due to financial problems, media reported here Saturday.
Read more on Malaysian Digest
Emaar records staggering growth in H1
Dubai-based real estate giant posts 122 percent growth in half-year 2010 thanks leasing, hospitality operations.
Read more on Middle East Online
Dubai developers face refinancing risk: Fitch
Dubai’s property companies may face significant refinancing risks as the emirate’s real estate market will likely remain under pressure until at least 2012- 2013, Fitch Ratings said.
Read more on Gulf Times
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