The Sultanate is prioritising ICT in its economic diversification plans, which would reinvent the country as a centre of technology, education, health care and financial services. The government has set a goal of raising ICT’s contribution to the economy from 1.6% of GDP in 2010 to 6% by 2015. Brunei Darussalam has certain demographic advantages,...
Plans unveiled in 2010 aim to transform Brunei Darussalam’s capital, Bandar Seri Begawan (BSB), from a sleepy riverside town to a modern city that serves as a centre for key service industries. Government officials laid the groundwork for the city’s evolution in 2007, when the sultan approved the expansion of the city from 1287 ha to 10,036 ha,...
For the past half-decade the real estate market in Brunei Darussalam has been dominated by massive government housing projects that cater to the unfulfilled residential demand in the Sultanate. According to the Ministry of Development, 17,500 units will be built by 2014, which should meet demand levels through 2012, and another 18,000 units are...
Land for private construction for residential, commercial or industrial purposes is limited in Brunei Darussalam, creating some constraints for the construction industry. Only about 5% of the Sultanate’s land area is available for private acquisitions, and nearly 75% of this is used for agricultural purposes, according to a 2009 report by the ASEAN...
Identified early on as a potentially lucrative source of revenue, aquaculture has taken centre stage in the reengineering of Brunei Darussalam’s fisheries industry. With a shift away from capture fisheries amidst growing restrictions on trawlers, fish and shrimp revenues are expected to reach BN$200m ($156m) by 2023, over half the fisheries industry...
Cheap, plentiful energy has long been a precondition of the industrial age. In recent years, however, conventional reserves of fossil fuels have been steadily dwindling. With renewables not yet sufficiently developed to end our dependence on these resources, the world seemed to face a stark choice: return to more hazardous and polluting sources such...
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