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A stabilized East Timor creating opportunities for foreign businesses

Former East Timorese Prime Minister Kay Rala Xanana Gusmao, far left, and executives of a Hyundai group company attend a signing ceremony in the capital, Dili, in August.

JAKARTA -- East Timor is looking to upgrade its natural-resource and transportation infrastructure, creating new business opportunities for overseas construction companies and plant builders.  

     As East Timor's politics have stabilized in the 13 years since the country gained independence, foreign companies are seeking to cash in. But as the country takes a tougher line on oil and gas development, and looks to create more jobs, investors are treading a careful line.

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