From The Report: Brunei Darussalam 2016
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With the recent descent of oil and gas prices on international markets, the role and future direction of the Sultanate’s industrial sector has never been of greater importance to Brunei Darussalam’s economy. Indeed, diversification away from hydrocarbons production is greatly contingent on industry taking a larger share of the country’s GDP. This necessary shift towards more knowledge-based, value-added economic activities has also long been central to the development goals of the government. A series of plans and programmes have thus been launched over the years with this objective in mind. These now add up to a robust framework that provides investors and enterprises with many opportunities and incentives to do business in the Sultanate.