DILI, 16 september 2023 (TATOLI)— TradeInvest and Tsuneishi Shipbuilding Co. Ltd. conduct field visits to various locations in Manatuto to identify two potential areas for the development of the shipping industry.
“Timor-Leste TradeInvest Agency, through the Directorate of Investment Promotion, on Friday (9/8/2023), and Tsuneishi Shipbuilding C. Ltd from Japan, conduct a field visit to see firsthand various future potentials of the shipping industry in Manatuto Municipality,” Director DPI TradeInvest Ezequiel da Costa Babo on the official page accessed by Tatoli.
On this occasion, the technical team identified five areas in Manatuto Municipality. From the results of the visit, the technical team identified the initial locations in the Laleia Administrative Post and the Sau area, Manatuto Administrative Post, Manatuto as the most potential locations for this investment project.
“It will be up to the company to decide and submit an application to the Ministry of Justice to start the administration process,” he said.
The team consists of the Directorate of Land and Property of Manatuto Municipality, TradeInvest Timor-Leste, the office of the Directorate General of Transport and Communications, the Japanese Embassy in Timor-Leste, IFC, and company representatives.
Previously on Wednesday (06/09), the Japanese Ambassador to Timor-Leste, Tetsuya Kimura and representatives from Tsuneishi Shipbuilding from Japan held a meeting with the Acting Executive Director of TradeInvest Timor-Leste, Decio Ribeiro Sarmento, accompanied by the Director of Investment Promotion, Ezaquiel Babo discuss the investment.
Tsuneishi Shipbuilding company from Japan plans to invest in the shipping industry with the land requested to be used for its investment being 970 km2 in Manatuto Municipality.
According to the plan, the private investment will offer a minimum of 4,000 jobs for the people of Timor-Leste will produce 10-12 ships per year, and expand its plans to build schools, hotels, and hospitals in the area.
The shipping industry has a very important role for Timor-Leste, in terms of economy, tourism, maritime resource development, and maritime security.
Journalist: José Belarmino De Sá
Editor: Nelia B.