His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah ibni Al-Marhum Sultan Haji Omar ‘Ali Saifuddien Sa’adul Khairi Waddien, Sultan and Yang Di-Pertuan of Brunei Darussalam and Prime Minister of Malaysia Dato’ Seri Anwar Ibrahim yesterday witnessed the signing ceremony of the memorandum of understanding (MoU) between the Malaysian Investment Development Authority (MIDA) and the Brunei Investment Agency (BIA) at Baitul Mesyuarah, Istana Nurul Iman following a fruitful four-eye meeting with the visiting Malaysian Premier.
Signing on behalf of the Government of His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam was BIA Acting Managing Director Haji Sofian bin Mohammad Jani, while the Government of Malaysia was represented by MIDA Chief Executive Officer Datuk Wira Arham Abdul Rahman.
The MoU provides an initial understanding for both parties to hold negotiations towards the implementation and preparation of further agreements on bilateral investment that can be carried out by certain parties between Brunei and Malaysia. The MoU will also include bilateral cooperation and investment in the downstream oil and gas sector, digital economy, smart manufacturing, smart agriculture, artificial intelligence, tourism and the halal food industry.
Source: Borneo Bulletin
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January 27, 2023
