The news was announced this week following the signing of a memorandum of understanding between Brunei’s Strategic Development Capital Fund and the Singaporean private equity fund management company.
The management of the RAS facility will be conducted by Pure Salmon, a global company for 8F's investments. The project will include a hatchery, production units, processing facilities, distribution and brand management. The project is expected to generate 145 jobs and will supply salmon both domestically and regionally.
It is the 12th facility scheduled for development by Pure Salmon, who aim to produce 260,000 tonnes of salmon in land-based farms in countries including Poland, the US, Bahrain, Lesotho, Japan and China.