The Brunei Economic Development Board (BEDB) has collaborated with Gulf News to publish an eight-page report detailing foreign direct investment (FDI) opportunities in Brunei on July 29.
The report in UAE’s largest English daily provides insight into Brunei’s strategic efforts to attract foreign investments and diversify its economy, particularly through the development of its five economic priority sectors: downstream oil and gas, food, ICT, services and tourism.
Exclusive interviews with the Second Minister of Finance and Economy, the Minister of Primary Resources and Tourism and the Minister of Transport and Infocommunications cover sector developments and opportunities for foreign collaboration. The report also features leading companies in the priority sectors, Brunei Fertilizer Industries (BFI), Datastream Digital (DST), Muara Port Company (MPC), as well as Brunei Gas Carriers (BGC).
ASEAN has been a significant destination for FDI from the Middle East. Several strategic initiatives, including the establishment of the ASEAN-Gulf Cooperation Council (GCC) Framework of Cooperation, have laid the foundation for increased trade and investment between the two regions.
Brunei’s location within ASEAN, stable political environment, favourable tax regime and sector-specific opportunities that leverage on the Sultanate’s strengths were detailed in the report.
BEDB serves as the focal agency for foreign and domestic investors through its Investment Promotion and Facilitation (FAST) unit. From initial market and feasibility studies support, to ongoing facilitation through their Investors’ Concierge service, BEDB aims to provide tailored relationship management and support from project implementation through to aftercare.
Additionally, BEDB develops and manages industrial parks and supports local businesses through its Enterprise Development unit, DARe, fostering deeper synergies for FDIs through infrastructure provision and opportunities for collaborations with local enterprises.
The report was authored by Global FDI Reports. Over 77,000 physical copies of the report were printed and distributed with all copies of the Gulf News’ Monday edition. Leveraging Gulf News’ extensive distribution, the report will reach readers across the UAE, particularly in Dubai, Abu Dhabi, Sharjah, and Ajman, as well as in Saudi Arabia, Bahrain, Kuwait, Oman, and Qatar.
In addition, the report was also published on Gulf News’ website which attracts over 15 million unique visitors monthly and generates over 45 million page views. Biz Brunei will also publish extended versions of the report’s articles with the featured organisations, providing complementary coverage for those seeking more information.
