[photopress:real_estate_brunei.jpg,full,alignright]Zhao Zhi Yuan, chairman and general manager of Guangxi Jiuzhou Real Estate has been to the independent and oil-rich Brunei — a separate country inside the Malaysian part of Borneo — looking at an investment in the construction of middle low-cost houses on a 20-acre land in the kampong, Sungai Liang, and a housing development project nearby.
Zhao Zhi Yuan initially invested RMB25 million for low-cost private housing projects here and in other locations.
A joint venture was set up with a local partner, Sasha Duraman. It is called Wen Lai Jiuzhou Guoji Mao Ji Tou Zi Holding.
Zhao Zhi Yuan said, ‘We are also interested in cultural exchanges between Brunei and China.’ He said he first knew about Brunei when he visited the China-Asean Expo in Nanning last October. He met the delegation of Federation of Brunei Malay Entrepreneurs (PPPMB) led by its secretary general, Jeffery Duraman Kassim, who invited him to invest in Brunei.
‘I asked my Nanning office to do research on Brunei, and whether it is an investment-friendly country.
‘The finding was positive and that it is a viable and attractive place to invest so I decided to invest in Brunei and at the same time in Australia.’
Source: Brunei Direct.com