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Dear Readers, welcome to the inaugural issue of iconnect!, an info e-newsletter by the BEDB which
you will receive on a quarterly basis.
While the BEDB is committed to promoting and creating new economic developments for Brunei,
we feel it is very important that our stakeholders identify with us and continue to support us along
the way. Hence, iconnect is introduced to serve as a new channel to reach out to and keep our
stakeholders informed about new developments and happenings in and around the BEDB. As we
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opment initiatives which we believe will be of great interest to many of our readers.
It is our hope that iconnect will be very useful to our readers as we navigate this important and
exciting journey towards creating new economic opportunities for Brunei and making it a
preferred place for doing business and investment. Please let us know your thoughts on iconnect
and we welcome any suggestions you may have. Happy reading and best wishes!
“ENERGIZING” ENTREPRENEURS
It is so refreshing to see our local talents who want to make a
A contract was signed between the BEDB and Bina Puri on 17 August
2010 at the Empire Hotel & Country Club to mark Bina Puri’s investment,
under which Bina Puri will also operate the property for a period of 20
years with guaranteed annual payments to His Majesty’s Government.
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DELIVERING INFRASTRUCTURE PROJECTS
TRANSFORMATION AND REHABILITATION OF SUNGAI
AKAR RUBBISH DUMPSITE (by Jurusy Perunding,
Brunei)
District. Once Sungai Paku is operational, Sungai Akar will North Wetland
be completely closed for rubbish dumping activities and
will be developed further into a recreational park.
Built under the National Housing Scheme, the development of 2000 houses on a 180-hectare site in Kg Panaga is currently on
track. Targeted to be completed in the 2nd quarter of 2011, the development is expected to help reduce the long waiting list
for houses under the Scheme. The construction includes 800 semi-detached and 1200 terrace units.
Interior Showcase
Other infrastructure projects which are currently being implemented by the BEDB include the development of 4000 houses in
Kg Mengkubau, Mentiri by UEM Builders from Malaysia; 1500 houses in Kg Bukit Beruang, Tutong by TEE International from
Singapore; and the transformation of Brunei International Airport by Changi Airport International/AECOM, also from Singa-
pore. [More updates in the next issue of iconnect!]
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DEVELOPING LOCAL BUSINESSES
ESTABLISHMENT OF iCENTRE (by Akitek SAA Consortium, Brunei)
In May 2009, the BEDB invested B$5 million in Accel-X Pte Ltd, a
Singapore-based venture capital fund with the objective to support the
development of promising Brunei-based high-tech companies through
access to equity capital, extensive overseas networks as well as mentor-
ship programs.
PERMANENT BRIDGE AT JALAN SUNGAI LIANG KECIL (by Bina Puri Holdings, Malaysia)
The construction of a permanent concrete bridge at Jalan Sungai Liang Kecil was completed in December 2009. The bridge
construction was aimed to provide a greater degree of comfort and safety for the road users travelling in the area.
The construction of Gerai Tamuneka in Mukim Liang was completed in July 2010 to replace the Gerai Wawasan previously
located at SPARK’s main access junction. This facility consists of 27 stalls, 2 prayer rooms and 45 car parks.
Both of the above projects are an important part of Bina Puri’s corporate social responsibility initiative for the community of
Mukim Liang.
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NEW BEDB BOARD MEMBERS
With the consent of His Majesty The Sultan of Brunei, the BEDB welcomes the appointment of Dr Grahaeme Henderson, Manag-
ing Director of Brunei Shell Petroleum (BSP), and Mr Ainadin Cader, Fund Manager of Aureos-BICB, to the board of the BEDB.
Dr Grahaeme Henderson has led BSP’s strategic direction and operations since April 2005. Dr Grahaeme
He has contributed to many key Brunei initiatives including road safety, the environment Henderson
honours degree and PhD in Mathematical Analysis from the University of Southampton.
Mr Ainadin Cader is the Fund Manager with Aureos-BICB, a joint venture between Aureos,
a leading global private equity fund manager and the Brunei Investment and Commercial
Bank, a wholly owned subsidiary of the Brunei Investment Agency. He has extensive
experience in working with SMEs in Africa and other parts of the developing world,
including more recently in Brunei. Mr Cader has an Accounting background with a degree
in Accounting from the University of South Africa. Mr Ainadin Cader
The BEDB Board comprises nine members from government and the business community including Permanent Secretaries
With its outstanding record of political and economic stability, rich natural
resources and highly educated population, Brunei has emerged in the eyes
For suggestions and views on iconnect and to subscribe, please email to iconnect@bedb.com.bn