Dubai's Emaar Properties said on Tuesday it had provided recommendations on how it intended to proceed with development of a $600 million mixed-use project in Indonesia.

The largest-listed developer in the Arab world said it was waiting for responses from the Bali Tourism Development Corporation (BTDC) and Indonesia's government.   

"Indonesia represents a target growth country for the company," it said, adding it had submitted an expression of interest to the BTDC in accordance with a tendering procedure recently launched by Indonesia for the Mandalika development on Lombok Island.   

The builder of the world's tallest tower pulled out of the project, an Arabic daily had quoted an Indonesian government official as saying on Monday.
The project will be retendered internationally, the official was quoted as saying.

Emaar signed a deal in 2007 with Perusahaan Pengelola Aset (PPA), Indonesia's state-owned asset management firm, to develop the project. This was followed by a joint venture in 2008 with BTDC, according to Emaar's website. - Reuters