Royal Brunei Airlines

Brunei is looking to diversify

Oil-rich Brunei is facing a problem: an over-dependence on oil and gas for its revenue. According to the BP World Energy Outlook, Brunei’s oil reserves are projected to run out by 2035. In addressing this issue, one of the sectors the country is looking at to diversify its economy is tourism.Under its 2016-2020 Strategic Plan, Brunei’s Ministry of Primary Resources and Tourism targets increasing tourist arrivals from 218,000 in 2015 to 450,000 in 2020.

8 September 2018
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