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Opportunities Investment

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									 Investment
Opportunities
     in   Fisheries Sector




  [ ENGLISH ]
                        Foreword


Bismillahir Rahman Nirrahim,
Assalamualaikum Warahmatullah Wabarakatuh,

Fisheries has been identified as one of the potential industries that could contribute to the diversification of the Brunei
Darussalam’s economy, away from the reliance on oil and gas industries. As such the Government is giving a number
of incentives for the commercial fisheries development. Currently the fisheries potentials of Brunei Darussalam are
estimated to be sustainably worth at least $200 million per year whilst the country is still importing about 50% of its
fish requirements.

With opportunities from the local capture and aquaculture industries and the vibrant region, Brunei Darussalam with its
strategic location can act as the Regional Centre (HUB) for the handling and distribution of import and export of seafood
products to the international market. The highly accessible coastal highway, modern seaport and airport facilities, all
within easy reach, contribute towards viable investment potentials in the fisheries industries.

This Fisheries booklet highlights the investment opportunities in the three major sectors of the fishing industries, namely
capture fisheries, aquaculture and seafood processing in the country. This booklet also includes information on various
current government assistance and the availability of infrastructure and facilities of high standards for the investors
who are interested to venture into these prospective industries.

It is therefore, our earnest hope that this booklet could serve as a useful reference not only to guide the would-be investors
to realize the potentials in Brunei Darussalam but also to take part in the most viable diversification programmes in
the country. We sincerely hope that every proposed venture would flourish into profitable gains for the benefits of all
the parties involved. Should you require more information, please visit our website at www.fisheries.gov.bn or e-mail
any one of us.

Looking forward to receiving your proposals.

Wassalam.




HAJAH HASNAH IBRAHIM
Director
Fisheries Department
Ministry of Industry and Primary Resources
Brunei Darussalam



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Investment Opportunities in
                                        Fisheries




          With an estimated population about some 370,000, the total annual consumption of fish is more than 15,000 metric tons and Brunei Darussalam still
          imports 50% of its requirement to supplement consumption. Food is an inevitable necessity for mankind. With the population growing steadily, Brunei
          Darussalam’s per capita consumption is in parallel growth.




The principal source of protein for the people of Brunei Darussalam is marine fish with a per capita consumption
being one of the highest in the region at around 45 kilograms per year. The following factors will give you
an idea as to how this sector presents great opportunities for potential investors who would like to venture
into the fisheries sector in Brunei Darussalam:

• Brunei Darussalam still imports 50% of its requirement to supplement domestic consumption;
• Brunei Darussalam is also found to be in the migration path of tuna resources. There are large resources
  associated with numerous purposely built reefs and with appropriate gear and technology these resources
  can be exploited;
• Brunei Darussalam’s clean and unpolluted environment and the absence of typhoons, and other food
  related epidemic or phenomena make it an ideal advantage and safe choice for investment;
• Fish and other form of sea-food is a staple diet of a good majority of the population and it is almost a
  necessity in one’s daily diet.
With the current push to create a healthy society in Brunei Darussalam, the local population is taking a more
serious view in increasing the intake of fish as compared to other sources of protein. The following areas of
the fisheries sector presently offer investors abundant opportunities.



                                                                                                                                                           3
                             Aquaculture




The Aquaculture sector offers vast opportunities and is very lucrative with estimated potential to
be worth B$71 million per annum based on the existing available sites. Prime areas suitable for
aquaculture have been identified and basic infrastructure like access roads, electricity and sea water
supply and cage culture have been made available by the Government of Brunei Darussalam.

Some of the identified investment opportunities include:

• 40 hectares allocated for landbased marine fish production using closed recirculating system at
  Telisai, Tutong District;
• 14 hectares allocated for landbased marine fish production using closed recirculating system at
  Danau, Tutong District;
• Major species culture are Penaeus monodon and Litopenaeus stylirostris;
• The domesticated Litopenaeus stylirostis has revolutionalized the shrimp culture industry of
  Brunei Darussalam by the assurance of stability in the fry supply, good culture performance such
  as fast growth and high survival rate that can withstand higher stocking density and is disease
  free;
• Hatcheries support facilities provide SPF and good quality fry;
• Potential sites of about 200 hectares for offshore cage culture was identified at Pelong Rocks;
• Developing the ornamental fish industry of which the local market alone, at present, is importing
  around 1.2 million fish of various species per year;
• 70% of these imported species can be easily produced locally;
• There is vast potential for breeding beautiful local species such as Betta macrostoma - the Brunei
  Beauty.



4
                          Existing
                                   Aquaculture Sites
                                                   Floating Cages of Fish at Tanjong Pelompong (40 hectares).




 Shrimp Culture at Pengkalan Sibabau, Phase II
 (50 hectares).




                                                 Shrimp Culture at Pengkalan Sibabau, Phase I (50 hectares).




                                                                                  Shrimp Culture Area
                                                                                  at Telisai, Phase I (92
                                                                                  hectares).



Floating Cages of fish at Kaingaran Channel                                        Tunggulian Phase 3        Tunggulian Phase I
                                                                                  (20 Ha), Sungai Paku      (18 Ha), Sungai Paku
(20 hectares).




                                                                           Shrimp Culture Area at Tunggulian,
                                                                           Sungai Paku, Phase I (18 hectares)
                                                                           and Phase III (20 hectares).

                                                                                                                     5
                        Capture
                                Fisheries




                                   In its effort to increase the contribution of fisheries towards the
                                   national GDP, the Government is opening opportunities for more
                                   investments in this sector especially in pelagic or tuna fishing.

                                   Fishing licenses are still available for operating purse-seiners, tuna
                                   long-liners in the Brunei Fishery Limit Zone 3 and Zone 4.




    Zonation of Fishing Areas




6
                               Processing


The economic potential for the processed seafood industry is estimated
to be worth at least $17 million on an annual sustainable basis in Brunei
Darussalam.

The seafood products produced locally include frozen shrimps, frozen fish,
crackers, fish balls and fish cakes, fish nuggets, shrimp pastes, marinated
fish and dried fish.

The Department of Fisheries is continuously promoting the development
of the seafood processing industry as an effort to diversify the nation’s
economy. Developmental projects to boost the growth of the industry
include the construction of the Fish Storage and Distribution Center and
the Seafood Products Handling Center in a strategic location near the Fish
Landing Complex. The goal of the former activity is to develop and expand
the continuous supply and marketing of quality fish produce from both the
capture and aquaculture industries. The latter’s goal is to provide seafood
processing facilities and catalytic mechanisms for the overall development
of the local and regional seafood industry.

Considering the huge potential of this sector, the following factors augur
well to make the processing industry a tremendous opportunity in Brunei
Darussalam:

   1.     Local and overseas markets consider Brunei Darussalam’s food
          products synonymous with high quality and being safe ‘halal’.
          The market for halal products within and outside the region is
          tremendous. This, together with the quality of products as well
          as ‘halal’ feature, contributes to the investment opportunity in
          this sector.
   2.     Relatively an undeveloped sector.
   3.     Available prepared industrial sites with the
          required basic infrastructure.




                                                                              7
Infrastructure for
                               Fisheries
MERAGANG HATCHERY

The Meragang Hatchery assists the development of the aquaculture industry in Brunei Darussalam by
producing reliable and good quality fries:

• Equipped with up-to-date hatchery system including duplicate water supply lines to allow regular cleaning
  and disinfection, mechanical, chemical, biological as well as ozone for water treatment;
• Design allows multi-species production, which presently include Peneaus shrimp, Sea bass, Groupers,
  and freshwater prawn (Macrobrachium rosenbergii).




AQUACULTURE DEVELOPMENT CENTER

The Aquaculture Development Center serves the research and development works on potential marine and
brackish water species:

• Designed and equipped with closed recirculatory system to produce potential species such as grouper,
  mangrove snapper, domestication of white shrimp and tiger shrimp and SPF seabass fry and freshwater
  prawn;
• Provision of supporting facilities such laboratory, feed room, office and storage facilities;
• The broodstock tanks, larval rearing tanks, algal tanks are equipped with recirculatory system and ensure
  production of good quality fry.
BROODSTOCK DEVELOPMENT CENTRE (SERASA PONDS)

The Serasa Ponds complements the Meragang Hatchery:

• Supplies good quality shrimp broodstock;
• Serve the research and development aspects of pond culture in verifying and demonstrating the culture
  technologies.


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FRESHWATER FISHERIES CENTRE

The Centre serves to produce good quality freshwater and
ornamental fish fingerlings and:

• Produces aquarium fish such as koi carps;
• Conducts breeding of local indigenous aquarium fish.


FISH LANDING COMPLEXES

Offshore fishing vessels are required to land their catch at the
landing complexes. The complexes provide:

• Jetties and berthing facilities;
• Sorting areas, stores, net-mending areas, cold and chill
  stores;
• Flake-ice machines, weighing machines, potable water and
  electricity supplies.




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              Useful
                         Contacts
BRUNEI MALAY CHAMBER OF COMMERCE AND
INDUSTRY
Unit B1, 2nd Floor
P.O. Box B1-3, Lot 44252,
Kg. Kiulap, BE 1518
Tel: 673-2237113
Fax: 673-2237112

CHINESE CHAMBER OF COMMERCE
2nd/3rd/ 4th Floor, Chinese Chamber of
Commerce Building,
72, Jalan Roberts Bandar Seri Begawan 2085,
P.O. Box 281, Bandar Seri Begawan BS1902
Brunei Darussalam
Tel: 673-2235494/5/6/9
Fax: 673-2235492/3
e-mail: ccc@brunet.bn

NATIONAL CHAMBER OF COMMERCE & INDUSTRY,
BRUNEI DARUSSALAM
Unit 10-14, 1st Floor, Halimatul Saadiah,
Lot 1999, Jalan Gadong BE 3519
P. 0. Box 320, Bandar Seri Begawan BS8672
Brunei Darussalam
Tel: 673-2227297
Fax: 673-2227298
e-mail: abas@nccibd.com
Website: www.nccibd.com

THE BRUNEI DARUSSALAM INTERNATIONAL
CHAMBER OF COMMERCE AND INDUSTRY
Unit 402-403A, 4th Floor, Wisma Jaya
Jalan Pemancha Bandar Seri Begawan 8811
Postal Address: P.O Box 2988, BS8675
Tel: 673-2228382, 2236888
Fax: 673-2228389




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