Brunei Industrial Island Becomes a Reality
The Oxford Business Group reported the following news: +++++ Brunei Darussalam’s industrial island becomes a reality Economic News Update 28 Aug 2015 Expectations are high for Brunei Darussalam’s downstream energy sector, as Pulau Muara Besar (PMB) island prepares to welcome the country’s first oil refinery and aromatics cracker complex, highlighting the Sultanate’s growing potential as a destination for value-added processing. Upon completion, the plant is expected to inject an estimated $2bn per annum into the Bruneian economy and boost GDP by around 2% when fully operational, according to Mohammad Parvez Imdad, an economist at the South-east Asia department of the Asian Development Bank, speaking to local media earlier this year. Island future First envisaged in 2011, the PMB industrial island project mirrors Singapore’s Jurong Island, an artificial land mass located south-west of the city-state’s main island. Jurong has become a cornerstone of Singapore's energ...