Emaar executives will meet government officials from Indonesia next week to try to salvage a much delayed $600m (Dh2.2 billion) waterfront resort in the country.

The Gulf’s largest property developer began talks with the Indonesian government in 2007 to transform a 7km stretch of waterfront on the island of Lombok.

Emaar International, a unit of the Dubai-based developer, established an office in Jakarta in 2008 to speed a joint venture agreement with PT Pengembangan Pariwisata Bali (Persero), a government-backed firm.

But progress has been slow because of a disagreement over the share of equity in the project and land acquisition problems.

The National