BBYB 2020

Borneo Bulletin Yearbook 2020

Aquaculture

Brunei Darussalam recently made significant strides

in the aquaculture industry as an attractive foreign

direct investment (FDI) destination. Among the highly

anticipated projects are the production of Atlantic salmon

and sea bass, both signed between Brunei and Singapore

to penetrate the international market.

Locally produced Atlantic salmon

Under the Ministry of Finance and Economy, the Strategic

Development Capital Fund signed an agreement with 8F

Asset Management Pte Ltd from Singapore on December

10, 2019.

With this agreement, Brunei will produce Atlantic salmon

using a land-based farming facility equipped with a

recirculating aquaculture system (RAS), with the capacity

of 10,000 tonnes whole-fish-equivalent per annum.

The first and largest of its kind in Southeast Asia, the

RAS facility will recirculate over 99 per cent of the water

using cutting-edge filtration and oxygenation systems.

The system ensures that the water is free from plastic,

diseases and sea lice. This negates the use of any

antibiotics or pesticides, a problem faced by majority of

sea-cage farming methods.

The facility will be run and supported by Pure Salmon

Pte Ltd, which is the global operating company for

8F’s investments. The company will provide a range of

expertise with its team of industry veterans in hatchery,

production, processing, purchasing, quality assurance,

distribution and brand management.

Once operational, the project is expected to generate

145 employment opportunities. In addition, the facility

will supply salmon products such as fillets and smoked

salmon domestically and regionally.

Minister at the Prime Minister’s Office and Minister of Finance and Economy II,

Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah

and 8F Asset Management Pte Ltd CEO, Karim Ghannam sign the MoU