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Joint Ventures Best For Brunei’s Industrial Transition, Says Prince QaWi

Mr. Lex Vanderberg

Bandar Seri Begawan – Creating joint ventures will be beneficial to Brunei in many ways, said Prince Qwai, a leading Brunei businessman and Deputy Chairman of QAF Group of companies.

He said with globalisation and liberalization of market economies, embarking on such ventures will be useful in transitioning the Brunei economy from being oil and gas dependent to that of an industrialized nation.

With this in view the Jeffrey Bolkiah College of Engineering has embarked on an apprenticeship training programme on air-conditioning and refrigeration conducted by Q-Carrier, the local affiliate of the multinational air conditioning conglomerate.

The 18-month course will provide students at the college who are Bruneians with the necessary skills and to develop networking.

Prince Abdul Qawi says such venture between the Jeffrey Bolkiah College of Engineering and Q-Carrier was an important step in developing the country’s human resource capabilities and as a model for joint ventures with various other multinationals in future.

Meanwhile the Business Development Manager of Carrier, Dayang Shareena Abdullah explained that the apprenticeship programme is aimed at providing the students with on-hand knowledge of the technical side of air-conditioning and refrigeration.

The Vice President of the United Technology Carrier Mr. Lex Vanderberg said that both the metrological climate and the business climate make it very conducive for joint ventures in Brunei.

Adapted From Radio Television Brunei