Brunei Economic Development Board

The Brunei Economic Development Board (BEDB) is a statutory body of the Government of Brunei. It was established in 1975 under the Brunei Economic Development Board Act (Chapter 104) to promote economic growth and diversification. Initially, BEDB focused on supporting small and medium-sized enterprises (SMEs) and encouraging local participation in the economy, while some responsibilities, such as tourism, insurance, and SME financing, were later transferred to other government entities.

Over the years, BEDB has played a central role in Brunei's industrial and economic development, driving major projects such as aluminium smelting, deep-sea port construction, and the Hengyi Oil Refinery and Petrochemical Plant at Pulau Muara Besar. It has also supported cultural and technological initiatives, including the film Yasmine and e-business programs, while overseeing industrial parks like the Sungai Liang Industrial Park and promoting alternative energy and SME development.

Restructured in 2001 and 2003 and integrated into the Ministry of Finance and Economy in 2018, BEDB has focused on industrialisation, foreign investment, and economic diversification through initiatives such as high-technology funds. Aligned with Wawasan Brunei 2035, it facilitates domestic and foreign investment through streamlined processes, trade incentives, and strategic partnerships, while collaborating with Darussalam Enterprise to foster synergies between foreign direct investment (FDI) and local businesses. Through these efforts, BEDB continues to enhance Brunei's competitiveness as an investment destination.