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BUSINESS SECTORS
World-class sea bass hatchery
Another highly anticipated project is the sea bass
hatchery, signed between Brunei and Singapore
on May 2, 2019. The hatchery will be used for the
production of juvenile barramundi, also known
as Asia sea bass, to be supplied to offshore fish
cages. Under the contract, Barramundi Asia will
develop a 6,613-hectare area at the Nankivell
Offshore Aquaculture Site and a 25.1-hectare
site located in Kampong Meragang.
The company will invest BND18 million for the
first phase of its project. In addition, Barramundi
Asia will adopt the advanced technologies and
sustainable aquaculture husbandry and farming
practices employed in Europe.
By the year 2024, the project is expected to
produce 4,000 metric tonnes of barramundi by
2024. The farm will be fully operational by 2032,
capable of producing 36,000 metric tonnes of sea
bass worth over BND324 million.
Once fully operational, the project will
significantly boost Brunei’s total fisheries
production and export. The project will also
create many spin-off businesses in the country
such as the logistics and services sectors.
The sea bass hatchery agreement is a long-
term investment and commitment made by
Barramundi Asia for at least 30 years, with the
possibility to be extended for another 30 years.
Golden Corporation
Golden Corporation Sdn Bhd is the leading
seafood company in Brunei with organic blue
shrimps as its primary product. The company
started off in 2002 with a hatchery for shrimp
and fish fry before expanding into developing
shrimp farms, fishmeal and feed mill plants. In
2012, Golden Corporation established the first
integrated seafood processing plant in Brunei.
The plant produces frozen fish and shrimp, surimi,
fish meal, fish oil and aquatic feed. In addition
to producing blue shrimps, Golden Corporation
has also invested in fishing vessels capable of
operating in deeper marine zone areas of Brunei.
This allows Golden Corporation to catch high-
grade yellowfin tuna and skipjacks.
Golden Corporation has successfully marketed
products to international markets such as
Australia, Japan, China, Taiwan and the
European Union.
Pure Fresh
Pure Fresh International Holdings Limited set
up its first Southeast Asian processing centre
near Muara Port, in collaboration with Ghanim
International Corporation Sdn Bhd. Costing more
than BND10 million, the processing centre has
been in operation since April 2018, processing
blue shrimps for export to China.
On December 13, 2018, Pure Fresh
and Ghanim
signed an agreement for the development of
aquaculture and exports to China. Over BND400
million will be invested for the project over a
period of five years. Its main product, frozen blue
shrimp, will be primarily exported to China.
The project development plan includes the
establishment of aquaculture farms, a hatchery
for the breeding of blue shrimps and a large-
scale seafood processing centre.
Yamako Pacific Brunei
Yamako Pacific (Brunei) Sdn Bhd is a joint
venture between Brunei and Japanese-centric
Yamako Pacific group, known for collaborating
and enhancing local industry players to
international standards.
Operating since April 2018, Yamako Pacific
(Brunei) is a local seafood processing company
that specialises in processing yellowfin and
skipjack tuna into high quality products. The
company exported its first container to Japan in
July 2018 and doubled its exports the following
month. Its Proton freezer maintains the quality
and freshness of the tuna to be exported,
ensuring customer satisfaction.
Besides Japan, Yamako Pacific (Brunei) is
also looking to break into new export markets
in the future such as China, Europe and the
United States.
Yamako Pacific (Brunei) Sdn Bhd staff
processing freshly caught tuna