Brunei

Brunei Darussalam’s economy is heavily reliant on the oil and gas industry, which accounts for over 50% of its GDP and over 90% of its exports. The country is a member of the Organisation of the Petroleum Exporting Countries (OPEC), and its oil reserves are estimated to last for another 25 years. Brunei is one of the wealthiest countries in Southeast Asia, with a high standard of living and a well-developed infrastructure.

The government plays a dominant role in the economy, with state-owned enterprises and government-linked companies being the main drivers of growth. The financial sector is relatively small but is expanding rapidly, with Islamic banking playing an increasingly important role. Brunei has also been making efforts to diversify its economy, with a focus on developing its tourism, agriculture, and services sectors.

In recent years, the COVID-19 pandemic has had a significant impact on Brunei’s economy, particularly on its oil and gas industry. However, the government’s strong financial position and proactive measures to contain the virus have helped to mitigate the impact. Going forward, Brunei will continue to face challenges in diversifying its economy and reducing its dependence on oil and gas exports.

Industrial policy

The country has established several industrial parks to attract foreign investment and promote exports. One of the most prominent is the Sungai Liang Industrial Park (SPARK), which covers an area of 271 hectares and is located near Brunei’s major oil and gas fields. SPARK offers various facilities and incentives to investors, including tax exemptions, land leases, and infrastructure support.

Brunei’s industrial exports include refined petroleum, chemicals, and wooden furniture. In recent years, the country has been making efforts to expand its exports to other countries and diversify its manufacturing base. To achieve this, Brunei has been developing partnerships with other countries to increase investment and technological transfer.

Overall, Brunei’s industrial sector is well developed, thanks to its abundant natural resources and government initiatives to diversify the economy. The establishment of industrial parks and partnerships with foreign countries has enabled the country to promote exports and attract foreign investment.

 

Beribi industrial Park Brunei 简体中文: 贝里比工业园区,文莱 한국어: 베리비 산업 공원, 브루나이 日本語: ベリビ工業団地、ブルネイ ไทย: พื้นที่อุตสาหกรรมเบรีบี้, บรูไน हिन्दी: बेरिबी औद्योगिक पार्क, ब्रुनेई বাংলা: বেরিবি শিল্প পার্ক, ব্রুনাই русский: Промышленный парк Бериби, Бруней العربية: مدينة بيريبي الصناعية، بروناي
Beribi Industrial Park
Brunei – Taman Perindustrian Brabi Beribi Industrial Park is located in...
Sungai Liang Industrial Park SPARK
Sungai Liang Industrial Park (SPARK)
The Sungai Liang Industrial Park (SPARK) is aimed to be a world class petrochemical...
Sipitang
Sipitang Oil & Gas Industrial Park
Sipitang Oil & Gas Industrial Park (SOGIP) is a project initiated by the Sabah...
Muara port brunei
Muara Port
Muara Port Company Sdn Bhd is a joint-venture company of Darussalam Assets Sdn Bhd...
Lugu light industrial Park Brunei Taman Perindustrian Lugu Light, Brunei Simp Chinese: 鲁古光明工业园,文莱 루구 라이트 산업 공원, 브루나이 حديقة لوغو لايت الصناعية، بروناي ルグライト産業パーク、ブルネイ Промышленный парк Лугу Лайт, Бруней
Lugu Light Industrial Park
Brunei – Taman Perindustrian Lugu Light The Lugu Light Industrial Park,...
alambigar Industrial Park Brunei
Salambigar Industrial Park
Salambigar Industrial Park is located close to Brunei’s airport and main port....
Anggerek Desa Technology Park حديقة التكنولوجيا في أنجيريك ديزا، بروناي 安嘎里科德萨科技园,文莱 앙그레크 데사 테크놀로지 파크 브루나이 アングレク・デサ テクノロジー パーク ブルネイ
Anggerek Desa Technology Park
Brunei – Taman Teknologi Anggerek Desa Anggerek Desa Technology Park is...
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Salar Industrial Park is just nine kilometres from Muara Port in Brunei. The park...
BPindex
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Lumapas Industrial Park Brunei Taman Perindustrian Lumapas, Korean: 루마파스 산업 공원, 브루나이 حديقة لوماباس الصناعية، بروناي ルマパス工業団地、ブルネイ 卢马帕斯工业园,文莱
Lumapas Industrial Park
Brunei – Taman Perindustrian Lumapas Nestled within Mukim Lumapas, Brunei,...
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