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2012/SMEMM/011 Agenda Item: 3.1.6

Promoting SMEs Development in Brunei Darussalam

Purpose: Information

Submitted by: Brunei Darussalam

19th Small and Medium Enterprises

Ministerial Meeting St. Petersburg, Russia

2-3 August 2012

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Promoting SMEs Development

in Brunei Darussalam

H. E. Pehin Dato Haji Yahya

Minister of Industry and Primary Resources

Strong Islamic practicesThe Blue Sky and the Clean Air

74% forest cover – rich in Biodiversity

Strategy in Developing Opportunities away from Oil and Gas

Rich in Culture and Heritage

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Challenges in the growth of SMEs

Small economy with a small population

Small domestic market

High cost of production

Economy fully dependent on oil and gas

High percentage of micro operators

Limited capabilities and

capacity

Experience is different from

other economies

Opportunities in non-oil and gas sectors

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Primary Resource Industries

� Food security remains top in the national agenda

� SMEs associated in this sector involves in production and services.

� Support from the government is in providing land at a very low rate, financial scheme, agriculture input, promotional activities and towards farm certification.

� Exploring export market focusing on high quality and safe food

Vehicle for international market

� The World Muslim Population estimated around 1.9 billion market

� Conservative estimate of US $560 billion per year for overall Halal Industry

� US $150 billion per year for Halal food industry

� Commercial operation through contract manufacturing with Ghanim International Food Company, commercial operator for the brand

� Local SMEs benefit by using the bruneihalal brand as

a platform for export

‘the Halal brand’

Platform for The Development of

Local Products and SMEsProvide opportunities for local industry

‘the halal certification’

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TOURISM AND HANDICRAFT

� Brunei Darussalam promotes Culture, Heritage, Islamic and Nature Tourism

� Our biodiversity both terrestrial and marine provides huge information and unique learning experience

� The air is fresh, the sky remains blue and the environment is still green

� Local handicraft supports the tourism industry as gifts and souvenirs

NASIONAL SME AWARD 2012

OBJECTIVES

� To recognize at the national level the accomplishment of local entrepreneurs who have demonstrated excellence in their business and contributed to the economic development of Brunei;

� To enhance the entrepreneurial spirit of local entrepreneurs to become more competitive and proactive in

developing and strengthening their business;

� To establish a 'benchmark' at the national level to local entrepreneurs to compare themselves against industry

peers;

� As a 'platform' for award winners to compete at international level, and

� To provide awareness to the public on the important role played by Small and Medium Enterprises (SME) as

well as their contribution to Gross Domestic Product as the main engine of economic diversification.

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