Contract Business April 2019

INVESTMENT OPPORTUNITIES
Investment
opportunities
in Brunei
Foreign Minister Cavusoglu: “There are
many possibilities for Turkish companies
in Brunei, and Turkey is also offering a lot
of opportunities for investors coming from
Brunei.”
Brunei Darussalam’s five
priority areas of business
and investment are halal,
technology & creative
industry, business services, tourism,
and downstream oil & gas. These
sectors capitalize on Brunei
Darussalam’s strength as a strong
Islamic nation with its abundant
natural resources and highly educated
skilled people.
Brunei Darussalam literally means
Brunei, the abode of peace. Indeed,
Brunei is one of the most peaceful
countries around the world with the
lowest crime rates. Brunei is divided
into four districts namely Belait,
Temburong, Tutong and Brunei
Muara. Despite Brunei Muara
being the smallest district, the capital
Bandar Seri Begawan is located here.
The country is located on the north
coast of the island of Borneo in
Southeast Asia. It is a small oil-rich
sultanate bordering bounded to the
north by the South China Sea and on
all other sides by the East Malaysian
state of Sarawak, which also divides
the state into two disconnected
segments of unequal size. The western
segment is the larger of the two and
contains the capital city of Bandar
Seri Begawan. Brunei achieved
independence in 1984, after having
been a British protectorate since 1888.
It is a member of the Commonwealth
and ASEAN (Association of
Southeast Asian Nations).
Although Brunei is a small country
with an area of just 5,765 sq km, yet
it is one of the richest countries in the
world. Thanks to the underground
riches of the natural resources
discovered back in 1929. Since
then, oil and gas has been the main
inflows to the country, and providing
exclusive welfare where no other
countries have afford such as free
education, free health care, no income
taxation and tax-free house loan for
civil servants.
32 April/2019