73 / 276
71
ENTREPRENEURSHIP
The downstream oil and gas cluster is a natural fit for Brunei
Darussalam, given its expertise and strength in the oil and
gas sector. The government is keen to develop downstream
activities in this area, including methanol, ammonia and
aromatics value chain production. The food cluster is another
area of focus, with a particular emphasis on increasing the
production of halal, safe and high-quality food. The tourism
sector is also growing, with opportunities for sustainable
development of attractions that showcase the country's
biodiversity and cultural heritage. The services cluster covers
a wide range of sub-sectors, including transportation and
logistics, financial services, business process outsourcing
and more. Finally, the ICT cluster offers opportunities to
support digitalisation in the priority sectors.
DARe, on the other hand, focusses on industrial site
management and enterprise development. It manages and
leases 27 industrial parks across Brunei Darussalam, whichare
essential for the growth of manufacturing, logistics and other
industries. Foreign investors or local businesses interested
in leasing industrial land or ready-built factories can apply
directly through DARe's website. In terms of enterprise
development, DARe offers a range of services to Micro, Small
and Medium Enterprises (MSMEs). This includes capacity
building and training programmes, financing support and
advisory, and access to domestic and international markets.
Capacity building and training programmes include business
bootcamps, mentorship programmes, food incubation
programmes and more. The aim is to upskill businesses and
provide themwith the knowledge they need to start, run and
grow their business. In the area of financing, DARe provides
a Co-Matching Scheme to assist businesses with start-up or
expansion costs. Businesses are given advice and support in
their funding plan through links with commercial banks, angel
investors and venture capital funds. DARe also has a strong
focus on market access, working to grow local businesses
nationally and internationally through business matching,
export facilitation, andmore.
Both BEDB and DARe are committed to helping businesses
grow, succeed and play a role in realising Brunei Vision 2035.
With their range of services and support, they are key players
inpromoting investment inBrunei and supporting thegrowth
and development of businesses in the country.