Minister Agio discusses the preparation of a comprehensive investment and multi-sectoral development project in the municipalities of Baucau and Díli
On October 14th, 2023, during a working lunch, representatives of the Stratacom Global group, accompanied by Timor-Leste’s Ambassador to Brunei Darussalam, Abel Guterres, briefed the Minister of the Presidency of the Council of Ministers, Agio Pereira, on progress in preparing studies for a comprehensive multisectoral investment and development project in the municipalities of Baucau and Dili.
Mr Chi Cheng, the CEO of GALLOPAIR, a Brunei-based airline interested in establishing operations in Timor-Leste, also participated in the meeting.
Stratacom Global, also based in Brunei Darussalam, presented an ambitious project aimed at boosting economic and social growth in the municipalities of Baucau and Dili, as well as in adjacent municipalities, through the building of various tourist complexes, industrial parks, renewable energy production facilities, and other infrastructure.
The proposal includes building modern tourist complexes to promote the national tourism sector. To boost the local economy, the project envisages the establishment 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 further envisages building other essential infrastructure and offers an integrated development approach, ensuring that there are sites earmarked for key sectors such as industry, tourism, commerce, health services, and housing.
During the meeting, Peter Wong emphasised that Stratacom and its partners will consider integrating the strategic plans proposed by Timor-Leste in the preliminary master plan.
Minister Agio Pereira expressed interest in the presented project, emphasising that the Government is committed to encouraging strategic investments that drive Timor-Leste’s progress and directly benefit the population.
