BANDAR SERI BEGAWAN: Brunei's Ministry of Finance and Economy (MOFE), in collaboration with Singapore's Ministry of Sustainability and the Environment and the Singapore Food Agency, will conduct a joint feasibility study on establishing a Brunei-Singapore Agri-Tech Food Zone (ATFZ).
According to a press release issued by MOFE on Saturday (Nov 15), the ATFZ aims to strengthen food supply resilience for both countries, attract high-value agri-food investments, create employment opportunities and build local capabilities within the agri-food sector.
It also fosters agri-technology innovation and positions Brunei and Singapore as regional leaders in sustainable and technology-driven agri-food production.
The ministry said the initiative seeks to leverage Brunei's strategic advantages in land availability and its economic diversification goals, alongside Singapore's expertise in agri-technology and regulatory, as well as market connectivity.
The ATFZ is expected to support the development of a competitive agri-food ecosystem that will enable the production, processing and export of high-quality food products to the regional and global market. - Xinhua
