Brunei’s SWF Focuses in on Labuan
Posted on 02/15/2012
The Brunei Investment Agency (BIA) is looking to invest in several industries in the Labuan Federal Territory and in Kampung Baru, including oil & gas. Labuan Federal Territory is a duty-free island located in East Malaysia. It is off the coast of the state of Sabah. In fact, the capital Victoria is known for an offshore support hub for oil and gas activities and offshore finance.
Already, the Brunei Investment Agency invested in parcels of land in Labuan.
Brunei is a member ASEAN member.