Brunei

About

Brunei is a small yet stable country located on the island of Borneo in Southeast Asia. It is a unitary Islamic absolute monarchy, with Sultan Hassanal Bolkiah serving as both the Sultan and Prime Minister since 1967. The country's economy is heavily reliant on its oil and gas reserves, which have been the backbone of its economic growth. Brunei boasts a high GDP per capita and has made significant strides in economic diversification, with the non-oil and gas sector contributing notably to its GDP. Brunei's technological advancements are particularly evident in the oil and gas sectors, where it has developed downstream operations and petrochemical industries. The country aims to reduce its dependency on hydrocarbons by diversifying into sectors like ICT, tourism, and services. Despite its small size, Brunei has a well-educated population and excellent infrastructure, making it an attractive destination for foreign investment. Its strategic location near vital sea lanes enhances its economic and geopolitical significance in the region.