China is main option for investment in East Timor, says President Ramos-Horta

15 April 2011

Dili, East Timor, 15 April – The President of East Timor, José Ramos-Horta said Thursday in Dili that China was a potential foreign investor in the country as it had a vast amount of liquidity that the Beijing authorities needed to apply.

“I don’t think there are many options for East Timor in terms of demand other than China,” Ramos-Horta told Portuguese news agency Lusa in Dili.

The Timorese President was speaking on the sidelines of a meeting with businesspeople from Macau and the People’s Republic of China whoa re visiting Dili to analyse and present investment proposals for several sectors, such as the infrastructure, agriculture, fishing and retail sectors.

“I see China as one of the few countries in the region or in the world from where East Timor can attract some investment,” he said.

At the meeting with the Macau and China businesspeople, in a delegation led by Macau businessman Ng Fok, Ramos-Horta said that East Timor needed a new airport in its capital, a new port, roads, schools, housing, water and sanitation, all of which as part of a 20-year plan that can be carried out in line with several investment models. (macauhub)