Brunei Darussalam

While abroad Brunei Darussalam might be best known for its substantial hydrocarbons reserves, at home authorities are turning their attention to more “green” forms of energy, including solar. However, compared to some of its South-east Asian neighbours, the Sultanate has set more modest goals and has been slower to develop alternatives to oil and gas.

Increased investment in research and development (R&D), combined with targeting niche markets, are two cornerstones of a strategy being rolled out by Brunei Darussalam aimed at encouraging economic diversification.

As progress in the US-led Trans-Pacific Partnership Agreement (TPPA) accelerates, some Bruneians are saying it represents a significant opportunity to create jobs and energise trade. However, critics are concerned that the legal powers it will give to foreign firms could impinge on Brunei Darussalam’s sovereignty.

Rural areas of Brunei Darussalam, which have long faced problems with information and communications technology (ICT) services, are set to benefit from a move to align the Sultanate’s bandwidth with that of its regional neighbours.

An increase in oil and gas production is expected to boost Brunei Darussalam’s economy over the next few years, but international experts disagree on the magnitude and timing of this growth.

As plans for three new ‘mega-bridges’ take shape, the government intends to impose stringent environmental assessments for the vast structures. However, critics say equal emphasis should also be placed on identifying financing options to avoid construction delays.