Tuesday, August 12, 2008

BEDB welcomes Malaysian delegates

Brunei Darussalam is currently experiencing the 'Third Wave of Investment' with the establishment of a world-class methanol plant at the Sungai Liang Industrial Park, as part of the emergence of downstream industries in the country.

The Acting Chairman of BEDB, Dato Paduka Timothy Ong said this during his welcoming remarks for 14 Malaysian industry players in construction services who are currently in the country for a three-day exploratory visit.

He also added that Brunei is actively looking into various investment opportunities such as ICT and eco-tourism among others, beyond the country's most dominant industry - oil and gas - and this proves to be the most opportune time for foreign investors to partake in the various potential economic ventures.

"These three - The Third Wave, The Ninth RKN (Ninth National Development Plan) and faster approaches in decision making - reasons are why it is an opportune time for you to visit Brunei and for us to give this dialogue as to where opportunity lies for collaboration between Brunei and Malaysia," Dato Paduka Timothy further stated.

The Chief Executive Officer of BEDB, Vincent Cheong gave an enlightening presentation on Brunei's economic opportunities, following the highly-informative remark by BEDB's Acting Chairman.

The Malaysian delegation, led by Tan Sri Dato' Ir Haji Zaini bin Omar, Head of the Special Unit for Overseas Project under the Economic Planning Unit of the Prime Minister's Department of Malaysia, is in the country to explore business opportunities in infrastructure and construction projects in Brunei with the hope to promote and increase the level of participation of Malaysian construction companies in the development of this country.

The delegation comprised of senior government officials from relevant agencies and members of the Malaysian international registered contractors including MATRADE, Malaysia's national trade promotion agency.

The Special Unit is a one stop agency which is the main coordinator for all Malaysian agencies involved in the export of construction services, as well as industry players such as contractors, consultants, suppliers, developers, financiers and investors. Its key role includes promoting, encouraging and supporting the export of Malaysian construction services and expertise abroad.

click here: BEDB welcomes Malaysian delegates
Borneo Bulletin, Brunei Darussalam -