Singapore Firms Are Investing In Timor Leste’s Hospitality Sector
Singapore-owned businesses are investing millions in Timor-Leste’s leisure and hospitality sectors such as five-star hotels, serviced apartments, and an entertainment centre. For instance, Pelican Paradise Resort (“hotel”), a five-star hotel, part of a mixed-use township development that spans 556 hectares, boasting scenic views of the Timor Sea. The first phase of this development would cost about USD500 million. The hotel features 300 rooms, ten beachfront villas, and facilities such as specialty dining outlets, a 1,000-seat ballroom, and a 50-metre infinity lap pool.
