Government of Timor-Leste

On August 3^rd, 2023, at the Government Palace, representatives of Stratacom Global group, accompanied by Timor-Leste’s Ambassador to Brunei Darussalam, Abel Guterres, gave a presentation to the Minister of the Presidency of the Council of Ministers, Agio Pereira, of a comprehensive multisectoral investment and development project in the municipalities of Baucau and Dili. 

The Brunei Darussalam-based company presented an ambitious project that aims to boost economic and social growth in Baucau and Dili municipalities, as well as in adjacent municipalities, with the construction of several tourism complexes, industrial parks, renewable energy production facilities and other infrastructure.

The proposal includes the construction of modern tourist complexes to promote the national tourism sector. To boost the local economy, the project foresees the creation of industrial parks to attract companies and stimulate production and job creation in the country. It also includes investments in renewable energy production and mineral extraction. The project provides for the construction of other essential infrastructure. It offers an integrated approach to development, ensuring that areas are earmarked for critical sectors such as industries, tourism, trade, health services and housing.

Minister Agio Pereira expressed enthusiasm and interest in the project presented, emphasising that the Government is committed to encouraging strategic investments that drive Timor-Leste's progress and directly benefit the population. He also emphasised the need to conduct comprehensive studies to assess all social, economic and political impacts to ascertain the project's viability.

During this visit to Timor-Leste, representatives of the Stratacom Global group will also meet with other government officials to present and discuss the investment plan.