Membership Directory ft. Year in Review 2021-22 | Page 60

About

Brunei

Country Facts

Capital : Bandar Seri Begawan
Population : 434,000
Brunei is a politically stable , oil-rich country located in South-East Asia . In the year up to the end of June 2019 , exports to Brunei from the UK totalled £ 97 million ( ONS , 2019 )
Language : Malay , English , Chinese
Industries : Petroleum , petroleum refining , liquefied natural gas , construction , agriculture , aquaculture , transportation .
GDP ( US $ billion ): 12.02
Natural Resources : Petroleum , natural gas , timber
Major Exports : Crude oil , natural gas , garments
Major Imports : Machinery and transport equipment , manufactured goods , food , chemicals , iron & steel , motor vehicles , gold
Contact the Britain Brunei Business Forum :
Britain Brunei Business Forum Tel : + 673 ( 2 ) 222231 Web : https :// britbrubus . com /

Economic diversification

Activity is strong in the oil and gas industry , and the country is encouraging economic diversification through major foreign direct investment ( FDI ) projects in other sectors . These include petrochemical refinery and industrial fertiliser plants ( Borneo Bulletin / IMF , 2018 .) This supports Vision 2035 - Brunei ’ s long-term sustainable development plan

A strategic partner

Brunei is recognised for its political stability , and is located in the heart of South East Asia . It has good access to regional and global markets , and strong trade ties with the Middle East .

Close links with the UK

As a Commonwealth country , Brunei has close links with the UK . Many Bruneians have studied in the UK and have a taste for British goods , and there are many Bristish expats in the country . UK companies operating in Brunei include Shell , Standard Chartered and KPMG .
Source : http :// www . invest . gov . bn /