BANDAR SERI BEGAWAN, Dec 23 (NNN-BBNEWS) – The Muara Port Company Sdn Bhd (MPC), a joint venture between Brunei and China, signed an agreement with the Brunei government yesterday, to develop and operate the country’s largest fishing complex.
Founded in Feb, 2017, between China’s Guangxi Beibu Gulf International Port Group and Brunei’s Darussalam Assets, a government-backed investment agency, the MPC will take over the project to modernise, operate and manage the Muara Fish Landing Complex.
“The development and operations will begin in early 2021, bringing new economic and social opportunities for our nation,” Fazilah Yassin, MPC’s Chief Operating Officer said, during a signing ceremony.
“MPC would like to see the continuation of joint efforts for building a long-term and strategic collaboration between the future subsidiary company and the government of Brunei Darussalam,” he added.
During the ceremony, MPC also signed a Memorandum of Understanding with Bank Islam Brunei Darussalam, the largest local bank, and a Memorandum of Understanding with Bank of China Brunei Branch, to strengthen financial cooperation with the banks.– NNN-BBNEWS
