The Brunei government has formed a joint venture with Singapore’s Rotary Engineering to establish operations in Brunei, aimed at servicing the country’s oil and gas sector and exploring potential expansion throughout the wider Borneo region.
The agreement to establish Brunei Rotary Engineering (BRE) was signed on January 7 at The Empire between the Ministry of Finance and Economy’s (MoFE) Strategic Development Capital Fund and Rotary Engineering Private Limited.
The newly incorporated BRE provides engineering, procurement, and construction (EPC) services for both the upstream and downstream sectors, having inked its first major agreement on March 13 with Brunei Fertilizer Industries for maintenance outsourcing.
Renowned for its expertise in building storage facilities, Rotary has constructed half of the storage tanks at Singapore’s Jurong Industrial Estate and has undertaken significant tank farm construction projects in Saudi Arabia and Qatar.
The company recently reported annual revenues of $500 million, servicing prominent clients including Shell, ExxonMobil, and the Emirates National Oil Company.
As another foreign direct investment in Brunei, Second MoFE Minister YB Dato Dr Hj Md Amin Liew Abdullah said that BRE is expected to generate job opportunities and facilitate knowledge transfer in engineering.
With a presence in 16 countries and employing more than 6,000 people worldwide, BRE will provide Bruneians with exposure to international projects and training.
“This partnership aims to establish a robust engineering hub right here in Brunei,” said the minister at the signing ceremony.
“An exciting venture that will bring advanced engineering and maintenance services to local and regional companies, focusing on enhancing operational efficiency, reducing costs, and delivering the highest standard of service through proven industry best practices.”
