68 / 252
66
Borneo Bulletin Yearbook 2019
EASE OF DOING BUSINESS
Brunei has five priority areas for business and
investment in the Sultanate: Halal industry,
technology and creative industry, business
services, tourism, and downstream oil and gas.
Halal Industry
The Halal industry is focussed on food and
beverages, pharmaceuticals and cosmetics.
An industrial site known as the Bio
Innovation Corridor (BIC) has been assigned.
Documentations on standards and guidelines
pertinent to the Halal industry have been
published to guide investors keen in venturing
into the Halal industry. Brunei’s Halal
certification mark is backed by several Acts and
Orders, ensuring the integrity of the certification
mark.
Technology and Creative Industry
The technology and creative industry saw
notable foreign direct investment (FDI) in recent
years. CAE Brunei MPTC Sdn Bhd, one of
Southeast Asia’s largest flight simulator training
centres, provides training in defence, emergency
and crisis management, and healthcare. To
develop the technology and creative industry,
the Sultanate has established two industrial
parks: the Digital Junction and Anggerek Desa
Technology Park.
Business Services
Brunei is ideal for FDI due to its strategic
location at the heart of Southeast Asia,
important trade routes including the Maritime
Silk Road, access to raw materials from Brunei –
Indonesia – Malaysia – Philippines East ASEAN
Growth Area (BIMP-EAGA), and key markets
in Asia Pacific and Oceania through various
Free Trade Agreements (FTAs). Brunei has the