Brunei Investment Agency
Country: Brunei
Established: 1983
US$ Billion: 30
Origin: Oil
Transparency Rating: 1
Summary:
The economy in Brunei Darussalam is heavily influenced by the exports of crude oil and natural gas. Earnings produced from the oil industry are utilized to build up foreign reserves. Brunei Investment Agency (BIA) is the main agency that holds and manages the Government of Brunei's General Reserve Fund, and their external assets.
Although Brunei Darussalam is served by nine commercial banks, it operates a Currency Board system and has no Central Bank. Under the Banking Acts and Finance Companies Act, the government of Brunei Darussalam regulates the banking industry. Through the Financial Institutions Division, the Ministry of Finance regulates all banking activities.
Strategies and Objectives:
It has holdings in corporations, real estate, & currencies.
News and Updates
Location
34 Avenue George V
Paris, 75008
France
Website
Brunei Investment Agency
Major Foreign Investments (Public)
| Company |
Country |
Industry |
% Ownership |
Comments |
| Jordan Phosphate Mines Company |
Jordan |
Phosphates |
37% |
|
|
1. All figures quoted are from official sources, or, where the institutions concerned do not issue statistics of their holdings, from other publicly available sources.
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