Brunei’s industrial parks offer investment-ready facilities, streamlined customs, tax benefits, and regional trade access, making it an attractive node for ASEAN supply chain re-exports and manufacturing diversification.
Opportunities for Foreign Investment
Brunei’s growing network of industrial parks offers attractive prospects for foreign investors through ready-to-use facilities, streamlined customs processes, and a favorable tax environment. The country’s strategic location and infrastructure make it an ideal hub for re-exports, processing, or energy-related manufacturing, positioning Brunei as a vital link within the ASEAN supply chain.
Economic Diversification and Sector Growth
The government has invested heavily in infrastructure to diversify its economy, moving beyond oil and gas dependence. Recent data shows that the non-hydrocarbon sector contributed more to GDP than hydrocarbons for the first time in 2021-2022, with significant activity in retail trade. This shift enhances long-term opportunities for investors, despite some sectors remaining nascent.
Strategic Location and Trade Benefits
Brunei hosts 22 industrial parks near Muara Port and Brunei International Airport, facilitating efficient logistics and integration into global markets. Its participation in trade agreements such as ASEAN FTA, RCEP, and CPTPP provides duty-free access across the region. The digitized Brunei Darussalam National Single Window simplifies customs procedures, reducing costs and operational barriers for businesses.
| This article was first published by ASEAN Briefing , which is produced by Dezan Shira & Associates. The firm assists foreign investors throughout Asia from offices across the world, including in in China, Hong Kong, Vietnam, Singapore, and India . Readers may write to info@dezshira.com for more support. |
Read the original article : Brunei’s Industrial Parks – Should They Be Part of Your ASEAN Strategy?
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