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Friday, August 19, 2022
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    Forum highlights Oman-Brunei JV success story

    Lyna Mohamad

    Over the past 10 years, Comquest Sdn Bhd – a joint venture (JV) between Bahwan CyberTek in Oman and Brunei’s e-Sipadu Systems Sdn Bhd – has organically grown from a 20-member team in 2012 to over 285 employees with over 98 per cent localisation.

    Comquest invests and implements leading technology solutions including artificial intelligence (AI), machine learning and robotic process automation for its customers.

    This was shared by General Manager of Comquest Gaurav Shrotriya in his presentation during the Sultanate of Oman-Brunei Darussalam Cooperation Dialogue Investment Forum organised by the Oman Embassy in Brunei Darussalam and Universiti Brunei Darussalam (UBD) at the university’s Institute for Leadership, Innovation and Advancement (ILIA) Conference Room yesterday.

    The forum is part of a series of events under the inaugural Sultanate of Oman-Brunei Darussalam Cooperation Dialogue from July 5 to July 7 held in conjunction with the third Brunei Darussalam-Oman Joint Committee (3rd BOJC) meeting.

    Permanent Secretary (Economy) at the Ministry of Finance and Economy (MoFE) Hajah May Fa’ezah binti Haji Ahmad Ariffin was the guest of honour.

    Oman Ambassador to Brunei Darussalam Sheikh Ahmed bin Hashel Al-Maskari, UBD Vice-Chancellor Dr Hazri bin Haji Kifle were also in attendance.

    ABOVE & BELOW: Permanent Secretary (Economy) at the Ministry of Finance and Economy Dr Hajah May Fa’ezah binti Haji Ahmad Ariffin and Oman Ambassador to Brunei Darussalam Sheikh Ahmed bin Hashel Al-Maskari; and Comquest Sdn Bhd General Manager Gaurav Shrotriya. PHOTOS: LYNA MOHAMAD

    The ambassador said the forum was aimed at introducing investment opportunities in Oman and Brunei as well as laws and legislation that regulate economic and investment activities in both nations.

    Sheikh Ahmed also said the forum will review success stories of joint ventures between Omani and Bruneian companies.

    He noted that since Oman and Brunei are looking beyond oil and gas sectors, the forum added value to both countries’ cooperation in investment and other related fields.

    “We are hopeful that the investment forum would be a timely boost for economic cooperation between Oman and Brunei and will open wider horizons and new avenues for cooperation in business and investments for relevant government agencies, as well as for businessmen and women, entrepreneurs and citizens in both countries.”

    Following the ambassador’s welcoming remarks, the permanent secretary delivered a speech and presentation where she gave a summary of the investments between Oman and Brunei as well as an in-depth overview of Brunei’s rich investment climate and niche opportunities, as well as the country’s key investment clusters.

    Yesterday’s forum also featured presentations by Manager of Economic Diversification Investment of Oman Investment Authority (OIA) Thuraiya Ahmed Al-Belushi and Gaurav.

    Thuraiya introduced OIA and shared that the key focus sectors in Oman are manufacturing, logistics and transportation, tourism, fisheries and aquaculture and mining.

    The forum concluded with a question-and-answer session moderated by UBD’s Assistant Vice-Chancellor (Global Affairs) Dr Joyce Teo Siew Yean.

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