BEDB Woos Chinese Investors For Spin-Offs
By Alex How in Nanning

Bandar Seri Begawan - The Brunei Economic Development Board (BEDB) yesterday wooed Chinese investors to invest in the downstream industry of the methanol manufacturing and ammonia-urea manufacturing projects during a seminar at 105 Conference Hall Nanning, China.

While a consortium comprising Incitec Pivot (Australia), Mitsubishi Corporation (Japan) and Westside Limited (Cayman Islands) are currently in negotiations to build an ammonia-urea manufacturing plant at the Sungai Liang Industrial Park, BEDB is now on the look out for foreign companies to tackle the downstream industries for the products.

Abdurahman Abdul Aziz, Senior Project Officer from BEDB, said there is a big potential for local companies to tap into the downstream industry once the two manufacturing plants are completed. He said this at the Brunei seminar entitled `Business and Investment Opportunities in Brunei Darussalam' and `Tourism in Brunei'.

Abdurahman said the ammonia-urea derivatives could spin off valuable business opportunities for companies upon its completion. "For example, the product melamine - one of the derivatives from ammonia-urea - can be further produced into wooden panels, dinnerware or for coating resins," he added.

The other project at the Sungai Liang Industrial Park which could create similar opportunities is the methanol production facility. The plant, which costs US$400 million and is expected to be completed by 2010, can produce 2,500 tonnes of methanol per day, while the ammonia-urea plant can produce 3,500 tonnes of urea per day for export.

The Puala Muara Besar port project, which could open up 4,000 permanent jobs, and the SME Innovation Centre, designated to help promote and develop local ICT entrepreneurs, developed by BEDB also drew the attention of the participants.

Abdurahman said political stability, strategic location and friendly people make Brunei a good choice for investors.

Also present at the seminar was Pg Aki Ismasufian, BEDB's Business Analyst.  -- Courtesy of Borneo Bulletin

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