Brunei Darussalam’s strategic location as well as efforts to create a positive and favourable ecosystem for companies makes the country a promising ‘top business and investment destination’, said Director General of the Islamic Centre for Development of Trade (ICDT) Latifa El Bouabdellaoui during the ICDT Doing Business Webinar yesterday.
She said the Sultanate’s share of trade with Organisation of Islamic Cooperation (OIC), which accounts for 19.84 per cent of its foreign trade in 2020, is a positive indicator for OIC businesses wishing to explore partnerships with the country.
The ICDT Doing Business Webinars series serves as a platform for OIC member countries to present business opportunities and the investment climate in their countries, said the director general.
It also serves to showcase the experiences and success stories of the private sector in their local markets, she said.
She said the ICDT attaches great importance in organising activities that highlights the potential of OIC member countries, to position them among the first destinations for foreign direct investment. During the webinar, Minister at the Prime Minister’s Office and Minister of Finance and Economy II Dato Seri Setia Dr Awang Haji Mohd Amin Liew bin Abdullah shared a few policy frameworks which nurture strong economic fundamentals in realising Brunei Vision 2035 and the country’s economic diversification efforts.
Date of Release: 18 November 2021
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November 27, 2021
