Timor-Leste opens new port in largest ever foreign investment

Timor Leste president Jose Ramos Horta (centre) gestures during the inauguration ceremony of Tibar Bay port, operated by French company Bollore in Liquica, East Timor on Novr 30, 2022. - AFP

DILI (AFP): Timor-este inaugurated a new deepwater port on Wednesday (Nov 30) operated by a French conglomerate, in the largest ever single foreign investment on an infrastructure project in South-East Asia's youngest country.

The US$490 million port at Tibar Bay near the capital Dili is expected to expand trade for Timor-Leste one of the poorest countries in the region.