MOS Dr Koh Poh Koon leads delegation to Brunei to explore Agri-Investment Opportunities
The venture signals Singapore farms’ interest in overseas production capacity, which could diversify agricultural investment and supplement domestic food-production facilities and land constraints.
Dr Koh Poh Koon led a delegation to Brunei on 13–14 February 2017 and officiated the groundbreaking of the KR Apollo fish-production venture.
Body
Dr Koh Poh Koon, Minister of State for National Development, and Trade and Industry is visiting Brunei from 13 to 14 February 2017, at the invitation of Bruneian Minister of Primary Resources and Tourism The Honourable Dato Haji Ali Bin Apong. Dr Koh will also call on Minister II of Foreign Affairs and Trade, The Honourable Pehin Dato Lim Jock Seng to discuss investment opportunities between the two countries.
While in Brunei, Dr Koh will officiate the ground-breaking ceremony of KR Apollo Sdn Bhd. Jointly developed by Apollo Aquaculture (a Singaporean company) and its Bruneian joint venture partner, KR Apollo Sdn Bhd will embark on food fish hatchery and ornamental fish (guppy) production. There are plans to eventually export the fish to Singapore and other countries. Dr Koh will also visit several other Bruneian agriculture farms.
Dr Koh said, “I hope this trip encourages our local farms to adopt a global perspective and look beyond our shores to leverage international opportunities. Like our local SMEs, we want to help more of our farms establish themselves as globally competitive companies.”
Dr Koh is accompanied by officials from the Ministry of National Development, the Agri-Food & Veterinary Authority as well as representatives from the farming industry.