Singapore’s biggest barramundi farm Barramundi Asia will set up a 6,613-hectare offshore fish farm in Brunei, Borneo, capable of producing 36,000 metric tons of fish worth over BND 320 million (€210.9 million/$236.9 million) once fully operational in 2032, reports Biz Brunei.
Barramundi Asia’s Nankivell Offshore Aquaculture Site will be accompanied by a 25 hectare processing center in Meragang, which will also have a hatchery and nursery, enabling Brunei to sustainably cultivate the entire sea bass lifecycle locally. The agreements for both operations were signed at Brunei's Ministry of Primary Resources (MPRT) last Thursday.
