The Minister of State for the Presidency of the Council of Ministers and Coordinating Minister for Economic Affairs, Agio Pereira, met with TradeInvest and officials of the Pelican Paradise Group, Lda, on May 17, 2019, at the Government Palace in Dili.

The purpose of the meeting was to discuss the Special Investment Agreement between the State of the Democratic Republic of Timor-Leste and the Pelican Paradise Group, Lda, for the development of a tourist complex with an investment of USD 700 million in an area of approximately 558 hectares, in the area between Tasi Tolu and Tibar, which will include besides the hotel units, a golf course, residential lots, a youth development center, an international school, an international hospital and shopping centers.

This tourist complex will allow the creation of approximately 1500 jobs in the construction phase, 1300 permanent jobs after the construction and the reforestation of 80% of the project area.

This proposal for a Special Investment Agreement will be analyzed by the members of the Government at a meeting of the Council of Ministers.