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Borneo Bulletin Yearbook 2023
Business Services
DARUSSALAM ASSETS
Darussalam Assets Sdn Bhd was
incorporated
on
December
12,
2012 with the mandate to manage
the performance of government-
linked companies (GLCs) under
its purview based on commercial
principles and good governance.
Darussalam Assets is part of the
Brunei Government’s objective to
encourage national development,
drive economic diversification and
general gainful employment through
meaningful
contribution
from
profitable, sustainable and commercial
enterprises – Brunei’s GLCs.
Darussalam Assets manages the
performance of GLCs within its
purview to support operational
excellence, promote best practice,
and improve the value for money of
the products and services offered
by the Darussalam Assets Group
of Companies with an overarching
agenda to provide for the nation.
This includes creating conducive
environments attractive for foreign
direct
investments,
promoting
local business development while
complementing
private
sector
growth, and encouraging import
substitution while creating export
value for international trade.
Its portfolio currently expands to
several industries including aviation,
telecommunications, power utilities,
logistics, agribusiness, food and
beverage, leisure and tourism, medical,
education, hospitality and real estate.
Darussalam Assets owns over 30
companies across these key sectors.
As Darussalam Assets reflects on the
last 10 years, its role has transformed
strategically over the years to include
turning the companies it owns
into world-class corporations and
becoming a strong pioneer in the
private sector. Darussalam Assets
works alongside the government