Indonesia says up to $3 billion MOU signed with UAE developer Eagle Hills on tourism development

Quick Summary:

JAKARTA : Indonesia's state-owned enterprises ministry said on Wednesday it had signed a preliminary agreement with United Arab Emirates-based property firm Eagle Hills to develop tourism infrastructure in the Southeast Asian country.

It did not provide a breakdown of the projects or their value, nor a timeline for the investment plan.

"There is no time period set for the $3 billion investment, giving flexibility on the implementation".

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Article Details

Category: EconomyBusiness

Markets: SingaporeIndonesiaUnited Arab Emirates

Topics: Statement Ministry Billion Investment Mediacorp Indonesia Experience Tourism Agreement Eagle Hills

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-17 @ 19:18:36 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 227 words

Reading Time: 2 minutes read

Sentences: 11 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Channel News Asia

News ID: 21664202

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