BRUNEI KEEN ON PROSPECTS OF SABAH CORRIDOR
Brunei Darussalam is keen on exploring investment opportunities in the Sabah Development corridor (SDC), said Malaysian High Commissioner to Brunei Dato? Ku Jaafar Ku Shaari.
Brunei, he said, is looking for opportunities to diversify its economy, and it is also attracted to Sabah?s natural endowments and locational advantage.
Sabah and Brunei can complement each other in the energy sector, he said in a statement yesterday after attending a briefing on the SDC by the Executive Director of The Institute for Development Studies (IDS), Datuk Dr Mohd Yaakub Johari.
Ku Jaafar said he will initiate a visit by Heads of Foreign Missions in Brunei to Sabah as he had done for Miri in Sarawak.
In his briefing, Dr Mohd Yaakub said Sabah has a lot to offer to investors from Brunei in the SDC.
For instance, Sipitang could be a potential location for the joint development of the energy sector in view of its proximity to the energy-intensive cluster of Labuan, Brunei and Bintulu.
The Sabah Gas & Oil Terminal (SGOT) project, which is being spearheaded by Petronas, will be at the north-ern side of Sipitang and will be linked to Bintulu via Sipitang by an undersea gas pipeline, he said.
The SGOT project is expected to lead to further opportunities for future contracts for other countries in the region.
In addition, a maritime academy will be established in Sipitang.
Dr. Mohd Yaakub said aside from gas and oil, Brunei investors could also consider participating in sectors such as agriculture, livestock, tourism, logistics and shipping.
Courtesy of Brunei Times