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BUSINESS SECTORS
and export market target. Towards
this, the Department of Fisheries has
opened up sites in all four districts of
Brunei to attract more foreign direct
investment (FDI) and for locals to
venture into the aquaculture industry,
particularly for investors whose activity
includes harvesting shrimp farming
using the latest technologies such
as through shrimp and fish farming
using a vertical farming method and
recirculating aquaculture system.
To increase the aquaculture industry‘s
production, the Department of
Fisheries has implemented several
initiatives such as providing basic
infrastructure facilities for new sites,
developing and upgrading facilities of
existing industrial sites and introducing
new sea prawn species
(Litopenaeus
Vannamei)
. The department has also
implemented training programmes
and seminars for entrepreneurs, as well
as other related programmes such as
Brunei Good Aquaculture Practices
Certification (BGAqP).
Barramundi Asia (B) Sdn Bhd from
Singapore is one of the foreign direct
investment companies that has
invested in the country’s aquaculture
sector, specifically for the production
of Barramundi fish locally known as
ikan selungsong
. In May 2022, two
agreements were signed on the lease
and operation of a fish culture farm
at Sungai Mangsalut Aquaculture
Site as well as the supplementary
sea occupancy licence agreement
for a fish farm area at Pelong Rock
Offshore Fish Cage Culture Farm Site
A. The agreements aim to expand
farm developments, specifically in
offshore fish farming, fish hatchery and
processing.
Meanwhile, established FDI company
Golden Corporation Sdn Bhd is the
largest aquaculture and seafood
company in Brunei with its high
production and revenue size, catering
to clients beyond Taiwan and countries
within Asia-Pacific. In 2021, Golden
Corporation’s aquaculture output and
export increased to 4,000 tonnes
compared to 3,000 tonnes in 2020.
To increase the
aquaculture industry’s
production, the
Department of Fisheries
has implemented
several initiatives
such as providing
basic infrastructure
facilities for new
sites, developing and
upgrading facilities
of existing industrial
sites and introducing
new sea prawn
species
(Litopenaeus
Vannamei)
.