Renova Timor - Timor Plaza Group. (TP Grp.) is reported to have been granted the license to develop 'dolok oan', the white beach area behind the statue of Cristo Rei, to be a modern tourist spot like Bali. According to timoroman.com, the Jape family, who also owns Timor Plaza - the shopping and recreational complex at the center of Dili - is ready to invest US$30-50 million to the area and is ready to be inaugurated in three years time. TP Grp. is already granted the license from the land and property office as well as license from environmental office to kick off the project.
If ever the project is pushed through, TPGrp. is the first Timorese family who is serious and believe in the economic development of the country. The family is the first Timorese who have invested about US$27 million in the construction of Timor Plaza and is continuously building the country's private sector development around its complex. It is an initiative that other private sectors should follow, rather than focusing solely on government projects as Consorcio Nacional Timorense (CNT) does.
The country's strategic development plan (PEDN) outlines private sector as the key to future sustainable economic growth. Probably, the Jape family is just doing that.