The company has offered to build “several” tourist complexes, industrial parks, renewable energy production facilities and “other infrastructure,” in Bacau and Dili “as well as in adjacent municipalities”, the statement said.

Representatives of the Stratacom Global group accompanied by the Ambassador of Timor-Leste to Brunei Darussalam Abel Guterres presented their plan in person to Agio Pereira, Timor-Leste’s Minister of the Presidency of the Council of Ministers, in Dili.

Pereira said that the businessmen presented an “ambitious project” received with “enthusiasm and interest”,” but that a “comprehensive study to assess all social, economic and political impacts, in order to ascertain the viability of the project,” was needed.

Brunei business representatives have reportedly been in discussions with Timor-Leste’s officials, the statement said, with Pereira adding that the government is “committed to encouraging strategic investments that drive progress in Timor-Leste and directly benefit the population.”