Muara Port has potential to become international hub

13 May

Muara Port has potential to become international hub

13th May, 2015

WITH the right development, Muara Port has potential to become a regional and international hub, which in turn could help lift Brunei’s economic stature within Asean. This was said by one of the speakers at a three-day International Food and Biotech Investment Conference held at The Empire Hotel & Country Club yesterday.

Chairman of Guangxi Beibu Gulf International Port Co Ltd, Mr Zhou Xiaoxi speaks at the International Food and Biotech Investment Conference.

In his speech, Zhou Xiaoxi, Chairman of Guangxi Beibu Gulf International Port Co Limited, discussed ‘China’s Logistics and the 21st Century Maritime Silk Road’ initiative, which he said will help strengthen his country’s economic ties with Brunei, Asean and the Asia Pacific region.

He touched on the importance of Brunei’s geographic location in terms of business and trade, highlighting that the basis for Beibu Port’s collaboration with Muara Port is to increase port processing capabilities and cooperation between the two will strengthen Brunei’s economic position in the Asean region.

He explained that with Beibu’s vast experience pertaining to maritime logistics, the collaboration will further enhance Muara Port and Beibu Port’s reputation on an international and regional scale in support of transportation, port services, tourism and other means of economic diversification.

Another speaker at yesterday’s conference was Wei Ran, the Deputy Party Secretary of the Guangxi Zhuang Autonomous Region, whose presentation centred on the development of the Brunei-Guangxi Economic Corridor (BGEC).

He highlighted that it involves priority projects called “One Port, Two Parks, Three Farms” which include possible cooperation on Muara Port (One Port); an Agricultural Industrial Park in Nanning, and a traditional Chinese Medicine Industrial Park in Yulin (Two Parks); and oyster, paddy and fishery farms (Three Farms).

Speaking on the progress of the mentioned projects, he shared that for “one port”, the Guangxi Beibu Port Group has finished and submitted their management and development plan for Muara container terminal in Brunei; for “two parks”, master plans are being developed, and for “three farms”, Yulin City has proposed new working plans for paddy planting, the Guangxi Fishery Bureau will be working with the Brunei Fishery Department on the second trial of oyster farming and the Guangxi Boston Frozen Food will cooperate with a Bio-Marine corporation to build a fishery industrial park.

Concluding his presentation, he suggested that the priority projects be expidited, some funding be sought to support the cause and that the BGEC be promoted to a higher level.

The International Food and Biotech Investment Conference is being held as part of efforts to develop, diversify and sustain Brunei’s economic infrastructure.

Source: BorneoBulletin

Muara Port has potential to become international hub

Muara Port has potential to become international hub

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