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Brunei
Friday, October 7, 2022
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Brunei
Friday, October 7, 2022
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    Spearheading Brunei’s economic development

    Izah Azahari

    DARe (Darussalam Enterprise) is the master developer and administrator of industrial parks in Brunei Darussalam.

    This was revealed by DARe Head of Industrial Site Management Daniel Leong during a presentation titled ‘Market Access for Businesses’ at the Decommissioning and Restoration (D&R) Forum yesterday.

    The organisation has consolidated 27 parks in all four districts with different levels of infrastructure and sizes to cater to different industries. “It ranges from a small park of about 15 to 20 hectares up to a thousand hectares, and it ranges from full support of roads, basic utilities and infrastructure to green fields.”

    Earlier, he outlined the organisation’s involvement in the decommissioning and restoration (D&R) sector through its Brunei Darussalam Maritime Cluster (BDMC) initiative and Marine Maintenance Yard and Decommissioning Yard (MMYDY) project.

    He said the MMYDY project is intended to catalyse development by having a vessel and onshore decommissioning works done at the location identified through cooperation with Brunei Economic Development Board (BEDB) and supported by the Ministry of Energy (ME), Ministry of Finance and Economy (MoFE) as well as Brunei Shell Petroleum Sdn Bhd (BSP).

    DARe Head of Industrial Site Management Daniel Leong. PHOTO: BAHYIAH BAKIR

    “The site has been identified on the western corner of Pulau Muara Besar and infrastructure work is ongoing,” said Leong. “The request for proposal (RFP) is nearing its end and there should be an operator identified soon.”

    Through DARe, Leong said spin-off industries will be set up on site potentially valuing between BND10 million and BND25 and create between 500 and 1,000 jobs in the first 10 years of the project.

    He also covered DARe strategies and supports available to promote and develop local enterprises and activities for market access.

    Leong outlined DARe’s Micro, Small and Medium Enterprise (MSME) Development Strategy that prioritises five objectives: Providing training and development; facilitating a pro-business ecosystem; encouraging MSME contribution to the economy; promoting entrepreneurial culture; and improving DARe’s capability. They are done through the MSME Development Assistance and Services from business ideation, production and local sales, international standards certification and export to new markets.

    Leong said DARe facilitates access to domestic and foreign markets to create new opportunities for enterprise growth and increase exports by local enterprises. It does so through standards consultancy, DARe Links and export facilitation.

    He shared several market access activities in D&R such as Decom Offshore Conference on August 26 and 27, 2020; United Kingdom (UK)-Brunei D&R Virtual Trade Mission with Decom North Sea (DNS) Network on October 20 and 21, 2020; and an upcoming workshop with DNS to identify the gaps and capabilities of local oil and gas companies and find business opportunities within the D&R sector.

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