BANDAR SERI BEGAWAN: The Government of His Majesty The Sultan and Yang Di-Pertuan of Brunei Darussalam, through the Strategic Development Capital Fund (SDC Fund) under the Investment Division of the Ministry of Finance and Economy, has partnered with Rotary Engineering Pte Ltd to establish a new entity, Brunei Rotary Engineering Sdn Bhd (BRE).
The landmark Joint Venture Signing Agreement was formalised on Tuesday (Jan 7) during a ceremony at the Indera Samudra Grand Hall, Empire Brunei.
BRE aims to offer world-class maintenance, Engineering Procurement, Construction, and Commissioning (EPCC) services, focusing on Brunei’s oil and gas sector, with plans to extend its reach into other parts of Borneo.
The company is also committed to fostering collaboration with local companies to enhance the downstream oil and gas ecosystem by leveraging shared resources, ultimately improving cost efficiency and operational excellence.
The guest of honour at the event, Minister at the Prime Minister’s Office and Minister of Finance and Economy II, Datuk Seri Setia Dr Awang Mohd Amin Liew Abdullah (pic), highlighted the significance of the partnership in his keynote address.
“This partnership promises not only to bring world-class engineering and maintenance expertise to the country but also to make a significant contribution to our economy,” he remarked.
The Minister emphasised that the core objective of the Strategic Development Capital Fund is to drive sustainable and impactful economic growth through strategic investments with foreign direct investment (FDI) partners who share a vision of creating long-term value for the nation.
“Over the years, the Fund has made several investments to develop a resilient future for Brunei Darussalam. Today, with the establishment of Brunei Rotary Engineering Sdn Bhd, we welcome a new partner to support our initiatives,” he added.
Knowledge transfer and regional growth
He further elaborated on the new partnership’s potential to transform Brunei into a robust engineering hub.
“This collaboration provides invaluable knowledge and technology transfer to our local workforce, including specialised overseas training, ensuring that our people are equipped with the skills and expertise needed to thrive in a competitive global market.”
The partnership will also collaborate with local engineering service providers and higher education institutions to foster synergies and mutual growth.
Beyond Brunei’s borders, the initiative is poised to expand into regional and international markets, encouraging local companies and talents to explore opportunities abroad and establish a global presence.
Signing on behalf of the Government of His Majesty were Head of Investment at the Investment Division, Ministry of Finance and Economy Ahmad Fathi Datuk Paduka Junaidi, and witnessed by the division’s Head of Operations.
Representing Rotary Engineering Pte Ltd were its chairman, Roger Chia, and Deputy CEO. - Borneo Bulletin/ANN
