Russian businesses have presented 57 projects for possible joint ventures in the country. They include fields such as infrastructure, energy, transportation, geological survey, investment and banking, info-telecommunications technology, tourism and bio-technology.
For that purpose, a delegation from several major Russian companies is in the country to attend the 1st Russia-Brunei Business Forum. It is hoped the forum will encourage economic and trade cooperation as well as create direct relations between the two countries’ business communities.
In an address, His Excellency Vladlen Semivolos, Ambassador Extraordinary and Plenipotentiary of Russia to Brunei Darussalam said the forum was a clearly indication to Russian businessmen that Brunei’s political and economic stability under the leadership of His Majesty Sultan and Yang Di-Pertuan of Brunei Darussalam has created a strong foundation for expanding further bilateral cooperation between the two nations.
Meanwhile in her opening remarks, Dayang Hajah Tutiaty binti Haji Abdul Wahab, the Deputy Permanent Secretary at the Ministry of Foreign Affairs and Trade expressed hope that their discussions would present opportunities between the two countries especially cooperation with Brunei’s private sector. The forum ends on Friday.