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Middle EastAugust 1 2004

Economic evolution

The Brunei Economic Development Board is tasked with overseeing the diversification of the country’s economy and raising its international foreign direct investment profile. Restructured in 2001 as a corporate body, the BEDB is staffed by senior government officials and prominent business leaders and provides a one-stop shop for private investors in Brunei. The Banker spoke recently with its chairman, Pehin Dato Haji Mohammad Haji Daud.
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Q What is the economic outlook for Brunei this year?

A I would say it’s looking good. We’re an oil and gas-based economy and oil prices have gone up considerably and that’s good news for Brunei. So the outlook is extremely good. There is going to be plenty of money coming into the kitty.

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