Dubai's Mohamed Alabbar to Develop Tourism Projects in Indonesia Worth $3 Billion
Skift Take
It is the latest in a string of billion-dollar deals for Alabbar, known for creating Emaar in Dubai.
One of the most powerful real estate developers in the Gulf is partnering with the Indonesian government to boost its tourism sector.
Eagle Hills, chaired by Emirati billionaire Mohamed Alabbar, has agreed to a $3 billion pact with Indonesia, working to build new airports, hotels and wider tourism infrastructure.
Indonesia's Ministry of State-Owned Enterprises and Eagle Hills will create a $3 billion "cooperation" together, according to Indonesian state news. It is unclear how much money each party is putting in.
It's a tentative deal right now: It only has a validity of one year and does not lay out any specific timeline for constru
