International firms rush to cash in on Brunei’s PMB project

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pmb_updateInternational companies such as Korea’s Pyunghwa Engineering Consultant Ltd (PEC) and Singapore’s Global Maritime And Port Services Ltd are snatching up lucrative contracts in one of Brunei’s largest developmental project yet, Pulau Muara Besar (PMB).

Pulau Muara Besar (PMB) is a multi-billion dollar project that seeks to transform a 995-hectares island located at Muara, Brunei Bay, into an international port center for logistics, manufacturing and processing, as well as commercial and recreation.

With Brunei being strategically located at the center of ASEAN, and it being a global player in oil and liquefied gas industry, it has been receiving constant offers and stroke deals that could help both the country and ally economies attain long-term competitive advantage in the region.

China’s quest to overtake the US as the world’s biggest crude oil importer by 2017 has been made easier thanks to its companies Zhejiang Hengyi and Sinopec Engineering Inc being able to strike a $6 billion dollar PMB deal to build and expand an oil refinery and aromatic cracker plant in 2011.

According to Brunei Times, the current economic opportunities PMB offers include the “construction of the 2.7-kilometer sea bridge, a main road approximately 3 kilometers long on the Pulau Muara Besar and connecting to the road along Jalan Perusahaan.

The project is managed by the Brunei Economic Development Board (BEBD), Brunei’s prominent economic organisation that is renowned for developing the country’s top projects such as Sungai Liang Industrial Park (SPARK), I-Center, Telisai-Lumut-Highway and the 2000 Belait housing project.

PMB stated that the next deadline for submission of a completed PMB tender will be no later than 3pm on April 10, 2014.

With an excellent and reputable track record, it is expected that international firms could work well in Brunei through a strategic partnership with BEBD.

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Reading Time: 1 minute

International companies such as Korea’s Pyunghwa Engineering Consultant Ltd (PEC) and Singapore’s Global Maritime And Port Services Ltd are snatching up lucrative contracts in one of Brunei’s largest developmental project yet, Pulau Muara Besar (PMB).

Reading Time: 1 minute

pmb_updateInternational companies such as Korea’s Pyunghwa Engineering Consultant Ltd (PEC) and Singapore’s Global Maritime And Port Services Ltd are snatching up lucrative contracts in one of Brunei’s largest developmental project yet, Pulau Muara Besar (PMB).

Pulau Muara Besar (PMB) is a multi-billion dollar project that seeks to transform a 995-hectares island located at Muara, Brunei Bay, into an international port center for logistics, manufacturing and processing, as well as commercial and recreation.

With Brunei being strategically located at the center of ASEAN, and it being a global player in oil and liquefied gas industry, it has been receiving constant offers and stroke deals that could help both the country and ally economies attain long-term competitive advantage in the region.

China’s quest to overtake the US as the world’s biggest crude oil importer by 2017 has been made easier thanks to its companies Zhejiang Hengyi and Sinopec Engineering Inc being able to strike a $6 billion dollar PMB deal to build and expand an oil refinery and aromatic cracker plant in 2011.

According to Brunei Times, the current economic opportunities PMB offers include the “construction of the 2.7-kilometer sea bridge, a main road approximately 3 kilometers long on the Pulau Muara Besar and connecting to the road along Jalan Perusahaan.

The project is managed by the Brunei Economic Development Board (BEBD), Brunei’s prominent economic organisation that is renowned for developing the country’s top projects such as Sungai Liang Industrial Park (SPARK), I-Center, Telisai-Lumut-Highway and the 2000 Belait housing project.

PMB stated that the next deadline for submission of a completed PMB tender will be no later than 3pm on April 10, 2014.

With an excellent and reputable track record, it is expected that international firms could work well in Brunei through a strategic partnership with BEBD.

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