Mark Gustafson, CEO of Challenger Acquisitions (LON:CHAL) tells Proactive Investors that securing the land site in Jakarta for a giant observation wheel like the London Eye, was one of the two remaining hurdles for this project. "It is all about location and about having the tourist traffic, both domestic and international and this site helps on both those fronts" he said.
Gustafson said the second hurdle, in the hands of the developers, is financing. "Now that the land has been secured, that was one of the primary conditions for the bank financing to proceed. Now that is in the final stages" he said.