ASEAN KEY DESTINATIONS
Construction expo links industry trade, boost FDIs
BRUNEI’S first private sector-organised building and construction expo kicked off over the weekend with the aim to help establish trade links with industry players at home and attract foreign investors.
Taking place at the Hassanal Bolkiah National Indoor Stadium in Berakas, the Building Expo (BuildEx) 2016 features 20 vendors from both the private and public sectors.
“With support from the Ministry of Development, our vision is that this newly-established BuildEx will become a permanent fixture in the annual expo calendar of the country from now on,” said Hafriz Musa (2nd photo), general manager of Confex, the organiser of the four-day event.
In his speech during the BuildEx 2016 opening ceremony, Hafriz said that the expo offers the perfect opportunities for foreign building and construction firms thinking of investing in Brunei.
“There are a lot of international companies out there who want to penetrate into the Brunei market but they do not know how or who to meet with in order for this to happen,” he added.
This was the first building and construction expo exhibition of its kind to be organised and run by the private sector in the sultanate.
Among the exhibitors include Brunei Shell Marketing Sdn Bhd, Golden Land Contractor & Engineering, Mettech Sdn Bhd, Public Works Department and the Housing Development Department from the Ministry of Development and the Local Employment and Workforce Development Agency (APTK).
Hafriz said that the exhibition can also benefit government bodies. “BuildEx can also contribute a significant role to the ministry (of development) by circulating the latest information and regulations while also encouraging trade and enable growth especially for companies wishing to get more involved in national development projects.”
He said that the expo can also help the government increase the selection pool of new vendors and offer equal opportunities for companies to participate in government projects.
Hafriz urged members of the construction industry to take advantage of the opportunities offered at the exhibition even as the country is undergoing a period of economic recovery.
“Even as Brunei goes through times of economic uncertainty, including the construction industry, there is no better time to start such a venture as now during the time of economic recovery.”
He said that exhibitions like this can be useful in establishing a presence to bring in new businesses and customers at home and abroad while also reaching out to existing clients.
He cited an excerpt of titah by His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam earlier this year when His Majesty queried the extent of progress made through trade exhibition, investment expos and economic roadshows and whether the country’s image has improved through such promotions.
Present to launch the exhibition yesterday was the Deputy Minister of Development, Dato Paduka Hj Suhaimi Hj Gafar. Also present during the opening ceremony was Deputy Minister Hj Marzuke Hj Mohsin, along with several heads of departments within the ministry.
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