The Brunei Economic Development Board's recent participation in the China International Fair for Investment and Trade 2005 (CIFIT) has helped to position the Sultanate as a new alternative investment location for global investors, according to a senior board official.
"Branding Brunei Darussalam as an attractive investment destination is what we intend to achieve through our participation at the expo," BEDB Business Development Division Assistant CEO, Abdul Aziz Abdul Latip, said in a report by BruneiDirect.com.
"Apart from positioning Brunei Darussalam, CIFIT 2005 has provided us with an important platform to reach the global investors and for them to explore joint venture opportunities with our local SMEs," he added.
According to Aziz, there are a number of reasons why Brunei has become such a suitable place for investment, including strong economic growth, political stability, a well-educated work force, the country's strategic location, an excellent infrastructure and cost competitiveness.
"Such positive traits would attract seasoned global investors in search of new investment horizons from the current maturing markets," he added.
Held in the Island City of Xiamen, the CIFIT 2005 attracted more than 8,500 overseas delegates from 102 countries, including 400 multi-national global brands. It is among the biggest international investment promotion events in China focusing on foreign direct investment.
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