31.7 C
Brunei
Friday, December 2, 2022
31.7 C
Brunei
Friday, December 2, 2022
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    Forum focusses on private sector growth

    James Kon

    Guided by Brunei’s Economic Blueprint towards Goal Three of Brunei Vision 2035, the Brunei Economic Development Board (BEDB) aims to drive private sector growth by encouraging foreign direct investment (FDI) and domestic direct investment (DDI) to set up economic activities in the country, said Acting Chief Executive Office (CEO) of the BEDB and Darussalam Enterprise (DARe) Daniel Leong.

    He said this during the Economic Forum titled ‘Looking Beyond to a Sustainable Economy’ organised by the French Bruneian Business Association (FBBA) at Mutiara Ballroom of Radisson Hotel yesterday.

    “Investors will be supported in the entire process including the setup of their cooperation at the designated industrial park,” he added. The Acting CEO spoke on BEDB’s vital role and function to facilitate investments. He also highlighted that investors can expect to establish linkages and provide spin off to local micro, small and medium enterprises (MSMEs) through DARe. “The MSME agency focusses on driving meaningful growth of local enterprises through innovation, provision of effective development and support programmes and strategic relations with stakeholders. This prepares local MSMEs to participate and benefit from upcoming business opportunities,” he said.

    He also spoke on specific business opportunities with five priority clusters – downstream oil and gas, food, ICT, tourism and services.

    Other opportunities include economic development in Temburong District where BEDB plays the role of the economic champion under the Temburong District Development Authority.

    Regional Economic Counsellor Roman Saudrais based at the French Embassy in Singapore, invited to promote French companies on the initiatives of the Government of Brunei Darussalam is making through BEDB, FBBA President Jerome Saniez and Ambassador of France to Brunei Darussalam Bernard Regnauld-Fabre were present. Also in attendance were members of the Diplomatic Corps, higher learning institutions and FBBA members

    Ambassador of France to Brunei Darussalam Bernard Regnauld-Fabre presents a memento to Acting CEO of the Brunei Economic Development Board and Darussalam Enterprise (DARe) Daniel Leong. PHOTO: DARE
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