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General
Philosophy on Economic Development and Investment
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His
Majesty the Sultan and Yang Di-pertuan of Brunei Darussalam
always welcomed foreign investment. We are ready and willing
to look at suggestions from would-be investors"
Industrial
policies including manpower, ownership, government support and
facilities remain open and flexible for all categories of
industrial activities. Brunei Darussalam maintains a realistic
approach where a variety of arrangements are feasible.
Policies relating to ownership allow for full foreign
ownership, majority foreign ownership and minority foreign
ownership, as per the type of industry and situation. Only
activities relating to national food security and those based
on local resources require some level of local participation.
Industries for the local market not related to national food
security and industries for total export can be totally
foreign owned. Overall, in Brunei Darussalam, any industrial
enterprise will be considered.
While
Brunei Darussalam aims for the development of industries it
gives priority to ensuring the stability of the natural
environment. As such, all sites are free from pollution and
are ecologically well balanced. The Government philosophy is
for sustainable development. Therefore, all polluting
industries are banned and one of the continuing criteria for
engaging any industry's participation is the impact on the
environment.
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