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BUSINESS SECTORS
FDI projects
Brunei has made significant strides in the
aquaculture industry as an attractive foreign
direct investment (FDI) destination. In 2019, two
notable projects were signed between Brunei
and Singapore.
The first project is the local production of
Atlantic salmon, signed between the Strategic
Development Capital Fund under the Ministry of
Finance and Economy and 8F Asset Management
Pte Ltd.
The Atlantic salmon will be produced in Brunei
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.
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.
The second project was signed between the
Department of Fisheries under MPRT and
Barramundi Asia (B) Sdn Bhd. It includes the
establishment of a world-class hatchery in
Brunei for the production of juvenile barramundi,
also known as Asia sea bass.
Barramundi Asia will invest BND18 million for
the culture of barramundi in offshore cages. By
2024, the project is expected to produce 4,000
metric tonnes of barramundi.
By 2032, the farm will be fully operational,
capable of producing 36,000 metric tonnes of
barramundi worth over BND320 million. The
project will significantly boost Brunei’s total
fisheries production and export. It will also
create spin-off businesses in the country, such
as the logistics and services sectors.
GOLDEN CORPORATION
Golden Corporation Sdn Bhd is the leading
seafood company in Brunei with the organic
blue shrimp 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 catapulting 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.