The Sultan of Brunei (pic) will meet with Julia Gillard and Quentin Bryce during a three day visit. Source: AAP
THE Sultan of Brunei is heading to Australia for a three-day state visit, just days after failing to offload a Northern Territory cattle station he owns.
Prime Minister Julia Gillard says Hassanal Bolkiah's visit later this week provides an important opportunity to enhance Australia's bilateral relationship with Brunei, a small oil-rich nation of about 400,000 on the north coast of Borneo.
"Australia was one of the first countries to establish diplomatic relations with Brunei and we enjoy a warm and constructive relationship based on strong education, trade, security, and people-to-people links," Ms Gillard said in a statement on Monday.
The Sultan will meet Ms Gillard and Governor-General Quentin Bryce and attend a state lunch at Government House during his stay from May 1 to May 3.
Details of his itinerary have not yet been released.
Meanwhile the NT cattle station, Willeroo, owned by the Sultan failed to sell at auction last week.
The property, located about 130 kilometres southwest of Katherine, includes 17,000 head of cattle and 170,000 hectares of land.
Real estate agent Russell Wolff has led efforts to sell the property, which was passed in at an auction for $12 million on Friday.
Four people bid on Willeroo and all were Australians who wanted to keep the cattle station open, Mr Wolff said.
He said a deal to sell the station was close.
"We are expecting it will sell, or at least have an agreement, in the next few weeks," Mr Wolff said.
The Sultan of Brunei is one of the wealthiest people in the world, whose riches in 2011 were estimated to be $US20 billion ($A19.53 billion).
He purchased Willeroo in 1981 but Mr Wolff said that in recent years he had been divesting himself of NT cattle stations, although he still owned the Opium Creek property, 100km east of Darwin.
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