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Oman eyes more aquaculture investment in Brunei

BANDAR SERI BEGAWAN – The Oman Brunei Investment Company (OBIC) is exploring more investment opportunities in aquaculture, particularly in salmon farming in Brunei, the second minister of finance and economy on Tuesday.

OBIC already owns a 50 percent stake in Golden Corporation, a local shrimp exporter.

When OBIC acquired a share in Golden Cooperation back in 2019, the company was harvesting 500 tonnes of shrimp [per year], Dato Dr Hj Amin Liew Abdullah said during the opening of the Oman-Brunei Darussalam Cooperation Dialogue.

“Despite COVID-19 related challenges, Golden Corporation was able to expand [production] by another 135 ponds, harvest over 4,000 tonnes of shrimp, and improve production capacity, cold storage facility as well as manufacturing and transport related logistics,” he added.


Source: The Scoop

July 22, 2022