East Timor, Kuwait start negotiations for investment in public works

Friday, August 4, 2006

Kuwait might finance a great number of public works in East Timor, in an investment worth 500 million to 600 million dollars, the East Timorese Prime Minister said today. José Ramos Horta leaves today for an official visit to Kuwait.

“I want to start right now the negotiations process with the Development Fund of Kuwait for the construction of great projects for East Timor’s roads, bridges, harbors and airports”, Ramos Horta, East Timor’s Prime Minister, said.

“For a project of this magnitude, to carry throughout several years, the amount of money to be spent is about 500 million to 600 million dollars or more. We are now waiting a preliminary study made by an Indian company, paid by Kuwait”, Ramos Horta added.

The East Timorese delegation is composed by the Minister of public works, Odete Victor, and the Minister of energy & mineral resources, José Teixeira.

The visit is part of an invitation by Kuwait’s Prime Minister Nasser Al-Mohammed Al-Ahmed Al-Sabah, and includes meetings with the Emir Sabah Al-Ahmad Al-Jaber Al-Sabah, the crown prince Nawaf Al-Ahmad Al-Jaber Al-Sabah, the Minister of Foreign Affairs Mohammed Sabah Al Salem Al Sabah and representatives of the Development Fund of Kuwait.

This is the second visit to Kuwait in two years by Ramos Horta, an country with who the East Timorese Prime Minister maintains relations with several members of the royal family and of the government.