The Brunei Economic Development Board ("BEDB") is a body corporate established pursuant to the Brunei Economic Development Act (Chapter 104, Laws of Brunei Darussalam).
The BEDB seeks to promote Brunei Darussalam as the preferred investment destination for the five priority business areas, namely Halal, Technology & Creative Industry, Business Services, Tourism and Downstream Oil & Gas.
The BEDB's objective is to grow and diversify Brunei Darussalam’s economy by attracting Foreign Direct Investment (FDI), with a focus on strategic initiatives that will contribute towards economic development through the increase of export oriented industries, as well as increase spin-off business opportunities for local businesses, thereby helping to provide more employment for locals.
BEDB will assist in providing information on the local investment climate, developmental requirements, laws & regulations, cost of doing business and project specific information.
How do we help investors?
Brunei Darussalam has put in place a FDI Fast-track system to ensure investors obtain all the necessary government permits, licenses & approvals, including amongst others Development & Construction approvals and recruitment of foreign labour.
The BEDB as the frontline agency to promote and facilitate foreign investment into the country will work closely with investors to understand their business needs and aspirations, and will also work in tandem with the Invest in Brunei Darussalam FAST Centre (FDI Action and Support Centre) who will evaluate investment proposals, liaises with government agencies and obtains project approvals.
A Dedicated Account Manager will be assigned to each investor as a single focal point and liaison officer.