Singaporean fish farming firm Barramundi Asia will invest BND 300 million (€189.7 million/$226.9 million) to rear barramundi in large cages in Brunei’s open seas.

The company will build an offshore cage farm to grow kuhlbarra barramundi using technology adopted from salmon farming in Norway, said Managing Director Joep Staarman, speaking to the Borneo Bulletin.

Speaking on the sidelines of a signing ceremony between the Department of Fisheries, Ministry of Primary Resources and Tourism (MPRT) and Barramundi Asia Pte Ltd to formalize the company’s investment, he said, “The attractiveness of Brunei is that it has almost virgin territories, clean and free from diseases.