NADE: 43 international companies interested to invest in Timor-Leste

NADE: 43 international companies interested to invest in Timor-Leste

(Photo Tatoli/Francisco Sony)

DILI, 21 june 2022 (TATOLI)-The National Authority for 2020 Dubai Expo (NAED) has informed that 43 international investors on the “WishList” are interested to participate in the great investment in Timor-Leste.

“The wishlist was prepared by Authority during the 2020 Dubai Expo, to record the international investors that wish to have an investment in Timor-Leste, focus in four vital sectors including tourism, agriculture, aviation, oil, and mineral.” General Coordinator, of Dubai Expo, Manuel Vong stated in his report presented at the office of the Ministry of Foreign Affairs and Cooperation, this Tuesday.

Vong requested to the private sector in Timor-Leste to involve in this investment process and ANED will support the communication between the Timor-Leste private sectors and the International Investors.

“This is a wish list that we have prepared and the private sector can communicate directly with investors,” he said

Deputy Minister of Tourism, Trade, and Industry (MTCI), Domingos Lopes Antunes said this was a great opportunity for the private sector in Timor-Leste to have connections with international investors.

“It must be the private sector who brings the investors to invest in the country and the government will support the process with the existing government system,” he explained.

It stated that the grand total of the WishList Investments from these 43 investors was $1,784,400,000.00 ($1.7 billion) from various sectors such as tourism and hospitality ($775,000,000.00); agriculture ($495,000,000.00); aviation sector ($228,400,000.00); energy and mining ($250,000,000.00) and provision of professional manpower ($36,000,000.00).

The report also mentions several wishes from investors to the Government of Timor-Leste to ensure visionary leadership; political stability and security; government stability for 25 to 35 years to ensure investment, Legal security for assets and investments; a territorial mapping plan for land use; bureaucracy; harmonization of laws for investment and business between sectors; banking and investment fund mobility laws; good governance and sustainable development.


Journalist: José Belarmino De Sá

Editor: Nelia B


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