Investors can leverage on Brunei’s strategic location to reach a wider market base within ASEAN and beyond. Approximately 600 million people live in the region, creating a market that is larger than the whole of the European Union. The region is a pathway for creating an economic community for better movement of trade and people across the region.
Brunei is located within two to three hours away from other major ASEAN cities such as Singapore, Kuala Lumpur and Jakarta via direct flights.
Royal Brunei Airlines (RB), Brunei’s national flag carrier airlines, introduced a new fleet of aircraft in efforts to expand its destinations. In 2018, the airlines began offering direct flights to London and introduced plans to enhance its Chinese network by introducing direct flights to more cities in China. RB also increased flight frequencies to its existing markets such as Kuala Lumpur and Bangkok. The airlines started direct flights to Tokyo (Narita airport) in March this year.
There is now more focus on developing the infrastructure and facilities at the Brunei International Airport (BIA) in anticipation of the growing number of tourists coming into the country.
The Muara Port, Brunei’s only deep-water port, serves as a container and conventional terminal. Situated along South China Sea’s shipping routes, the port has abundant potential to become a significant trading hub in the East Asian region.
The government has also invested in developing a port via a joint venture between Darussalam Assets and Beibu Gulf (HK) Ltd to form the Muara Port Company. The company functions to run the Muara Container Terminal in its daily businesses and aims to grow the port into an efficient trading hub for the country.
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