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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
8/8/2012
1
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
8/8/2012
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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
8/8/2012
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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’
8/8/2012
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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.