Presidency of the Council of Ministers
V Constitutional Government
.............................................................................................................................
Dili, November 21st, 2014
Press Release
The Council of Ministers met extraordinarily this
Friday, November 21st, 2014, in the Council of Ministers Meeting Room, at the
Government Palace, in Dili, and approved two diplomas:
1. Government Resolution
approving the Investment Agreement with Heineken Asia Pacific Pte. Ltd.
The Heineken Asia Pacific Pte. Ltd proposed
project, for the construction of a beer factory in Timor-Leste, entails an
investment exceeding forty million dollars.
Following the proposal evaluation by an
Investment Commission comprised by several institutions, and whose results were
presented to the Council of Ministers on the meeting of September
17th, the Government has decided to approve an Investment Agreement
with Heineken, under which some tax benefits provided for in the Investment Law
are conceded to the company.
2. Decree Law regulating the
Special Development Fund
The Fund is aimed at financing, in an efficient,
safe and transparent way, the implementation of a set of projects included in
the development plan for the Special Administrative Region of Oe-Cusse
Ambeno.
The Council of Ministers also analyzed four
presentations:
1. Pelican Paradise Investment
Project
The State Secretariat for the Support and
Promotion of the Private Sector presented to the Council of Ministers the
investment project from the international company Pelican Paradise Holdings
Timor-Leste located in Singapore, for the construction and exploration of a five
star hotel complex located between Díli and Tibar, with an investment of around
310 million dollars.
The project includes a hotel with 492 bedrooms,
gym, restaurant, spa, convention center for one thousand and five-hundred
people, golf course, commercial area and residential area.
During the construction stage of the hotel
complex, the Investor estimates that one-thousand and five-hundred direct jobs
may be created, 70% to 80% of which can be carried out by Timorese. Once the
hotel complex is completed and operational, the investor foresees that 830 jobs
will be established and maintained, 70% to 80% of which can be carried out by
Timorese.
2. Arbitration Process and Maritime
Boundaries Dispute
The Ministry of Petroleum and Mineral Resources
presented, to the Council of Ministers, an current assessment of the Arbitration
Process and Maritime Boundaries Dispute.
3. Timor GAP Activity Report
The Ministry of Petroleum and Mineral Resources,
alongside the President for Timor GAP, E.P. has presented, to the Council of
Ministers, the company’s Activity Report, for the years 2012 and 2013. The
documents include detailed data on human resources, accomplished projects and
projects to be developed, Timor-Leste Onshore prospecting studies,
business and partnership opportunities, development of the National Oil
industry, joint petroleum development area, amongst others.
4. Calendar of Activities during the
Presidency of the CPLP
The Ministry of Foreign Affairs and Cooperation
presented, to the Council of Ministers, the calendar of the activities scheduled
to occur during the Rotating Presidency of the Community of Portuguese Language
Countries (CPLC), by Timor-Leste (2014-2016), and of which the highlights are
the high level ministerial meetings between ministers of several areas, from the
nine countries belonging to this organization.
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