BUSINESSOPPORTUNITIES:
AQUACULTURE SECTOR
3.Opportunities :
•
Fisheries
: Fishing licenses areavailable for operatingpurse-seiners, and tuna long-
liners in theExclusiveEconomic Zone/Brunei Fisheries Limit.
•
Aquaculture
:Withanestimated commercial potential of B$71million (USD$56.5
million) per year, andwithagrowthprojectionof B$112million (USD$89.2million) by
2015, Brunei has identified aquaculture asoneof the fastest growing fishing industries
in the country.While shrimp farming is themost significant aquacultureopportunity,
fishoff-shore cage culture, ornamental fishproduction, and freshwater culture arealso
emerging industries.
•
SeafoodProcessing
: Brunei has identified seafoodprocessing– including frozen fish,
fishball and cakes, crackers, fishnuggets,marinated fishanddried fish–as aB$17
million (USD$13.5million), underdevelopedmarket that couldoffer important
investmentopportunities for international companies. There is a significant domestic
market for theseproducts, andBrunei’s
halal
certificationwouldallowexport to
regionalmarkets aswell. Pre-existing industrial siteswithbasicprocessing
infrastructuremayalsobeavailable, cuttingdownon start-up costs.
