Brunei showcases potential foreign investment opportunities

|     Achong Tanjong     |

CHINA-ASEAN Expo (CAEXPO) Secretariat in collaboration with the Department of Commerce of Guangxi, Guangxi Investment Promotion Agency, organised the Promotion Conference on ASEAN Industrial Parks (Session B) at the Nanning International Convention and Exhibition Centre yesterday.

The conference was held in conjunction with the 15th CAEXPO and 15th China-ASEAN Business and Investment Summit.

Brunei representative Daniel Leong from DARe (Darussalam Enterprise) delivered a presentation on investment opportunities in Brunei to encourage foreign direct investment.

He said Brunei Darussalam’s priority clusters include Halal – Pharmaceutical and Health Supplement, Agriculture, Aquaculture, Food Processing, Manufacturing and Distribution, and Cosmetics; Innovation Technology and Creative Industry – Data Centre, Digital Media, Internet of Things and Biotechnology; Business Services – Transportation and Logistics, Financial Services, Business Process Outsourcing; Tourism – Medical Tourism, Cultural Tourism and Hospitality; and Downstream Oil and Gas Industry – Downstream Oil and Gas and Petrochemicals.

He said Brunei offers a secure location for Data Centre activities with its strong sub-marine cable capacity and is free from natural disasters.

The country also boasts a highly educated and multilingual workforce in sectors such as Islamic banking, business process outsourcing, transportation and logistics. He added that forest reserves comprise over 60 per cent of the country deemed to be assets and would serve to promote tourism opportunities.

He said though 90 per cent of the country’s gross domestic product stems from the oil and gas industry, future investment opportunities will include forestry.

Officers from Sarawak Corridor and Sembcorp from Singapore also delivered presentations.

Daniel Leong from DARe (Darussalam Enterprise) delivers his presentation. – ACHONG TANJONG