Property Investor information: Brunei Darussalam
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Property Investor information for: Brunei Darussalam
Brunei Darussalam located on the northern shore of the Island of Borneo, between longitudes 114'04" and 114'23" East and latitudes 4'00" and 5'05" North. Brunei, although occupying less than 1% of Borneo's land area, is the only sovereign country on the island, which it shares with the Indonesian provinces of West, East, South and Central Kalimantan and the Malaysian states of Sabah and Sarawak.
With a total GDP of around US$6.5 billion and a per capita GDP of around US$18.3 thousand (2002), Brunei's resource-rich (oil & natural gas) economy affords its population high living standards, resulting in positive social indicators such as high literacy rates, longer life expectancy, and low unemployment and crime rates. The government provides for all medical services and subsidizes rice and housing.
Government, construction, services, retail and some light manufacturing are the other major sectors in Brunei's economy. The government is currently working towards economic diversification � in which tourism plays an important role � as well as encouraging foreign investment and developing education and human resources. These measures are designed to prepare the nation for the challenges of the future when the oil and gas reserves will have been depleted and new sources of income will be needed to maintain the current high standards of living enjoyed by Bruneians.