BIMP-EAGA Chief Calls On Locals To Invest In Indonesia
By Rosli Abidin Yahya

Bandar Seri Begawan - Hj Osman bin Hj Omar, the country director of Brunei-Indonesia-Malaysia-Philippines East Asean Growth Area (BIMP-EAGA) for Brunei, recently called on local investors to invest in projects currently being offered at the regional economic sub-grouping of the larger Asean to help achieve its goals of increasing trade and investment activities.

Hj Osman said he had just returned from Jakarta and Kalimantan where he signed the memorandum of understanding (MoU) with various Indonesian companies to facilitate locals' investment in the country.

He said the signing of the MoU was a follow-up of the BIMP-EAGA Senior Officials Meeting (SOM) held in Balikpapan, Kalimantan last year.

Brunei has been assigned the lead country of the "transport and infrastructure" cluster which brings together four of the working groups under BIMP-EAGA - air linkages, sea linkages, construction and construction materials, and telecommunications.

Hj Osman said investors are called on to invest in the shipping sector, manpower, halal food centre, natural resources (such as coal, iron ore, iron sand, oil and gas), electrical power in Kalimantan, oil palm plantation, and the importation of livestock to Brunei.

"Southeast Asia's geographic location puts Muara Port in a unique position as it is situated right in the middle of the Orient/Europe/Orient route, one of the busiest container routes in the world.

"The port is also located at the edge of the Trans-Pacific route, the world's foremost container trade route. It is centrally located in Southeast Asia and is therefore in an ideal position to benefit from these trade routes," he said.

He added that interested investors can contact him at 8876788.

EAGA, which has a market base of over 60 million consumers, comprises the sub-national economies of east Indonesia, east Malaysia, Brunei and Philippines' Mindanao and Palawan.

The economic cooperation was primarily created as a key strategy for strengthening islands and sub-regions that lagged behind in terms of economic capitals. -- Courtesy of Borneo Bulletin

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