Envoy: UK firms show interest in Brunei’s halal, banking sectors

National 1 minute, 32 seconds

BANDAR SERI BEGAWAN

BRITISH companies have increasingly been showing an interest in Brunei’s banking and halal industries, the British High Commissioner here said.

In an email interview, David Campbell said UK companies continue to express a strong interest in Brunei’s oil and gas, defence and education sectors, but other industries are also gaining traction.

He said halal production and certification are also areas the UK are focusing on.

After attending a showcase of 25 new bruneihalal products at The Airport Mall recently, the high commissioner said he was pleased to hear that bruneihalal products are found in 103 Tesco and 114 Asda stores across the UK.

“They are also exporting to Gulf countries and I understand that more of these products will soon be available in stores in Brunei,” he said.

The envoy said representatives from Autoriti Monetari Brunei Darussalam (AMBD) in April 2016 attended the Global Islamic Finance and Investment Group (GIFIG) in Manchester.

“GIFIG was set up by the British government in 2014 following the UK’s hosting of the World Islamic Economic Forum which His Majesty the Sultan and Yang Di-Pertuan of Brunei Darussalam graciously attended. Its aim is to identify the key global opportunities and barriers facing Islamic finance,” he said.

Campbell said the aim is to create a flourishing global Islamic finance market that supports growth and prosperity, including in the UK and Brunei.

Speaking on trade and investment opportunities, the high commissioner said they are looking forward to welcoming companies and representatives from Brunei at the International Festival for Business 2016, which will be held in Liverpool from June 13 to July 1.

“Each of the festival’s three weeks will have a theme: Manufacturing; Energy and Environment; and Creative and Digital.

“This event offers an excellent platform to meet and connect with British companies with an appetite to expand internationally,” he added. — Rachel Thien

The Brunei Times