Today: February 11, 2016, 9:46 am
  
Finance

Brunei defence market: $500 million expenditure estimated in 2013

companiesandmarkets.com
companiesandmarkets.com
Future of the Bruneian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2018 - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-22 01:35:01
Expenditure in the Brunei defence market registered a CAGR of 10.3% during the review period and values US$0.5 billion in 2013. The focus of the Bruneian government will be on modernization initiatives, border disputes, and the prevention of international terrorism.

Brunei´s defense budget is small compared to large defense spenders and even its neighboring countries. With US$0.5 billion set aside for its 2013 defense budget and projected figures of US$0.6 billion for 2018, the country will find it hard to convince investors and suppliers to treat Brunei as a preferred destination for investment. Moreover, the moderate security threat to the nation and a relatively small population do not warrant large capital or revenue defense expenditure. Consequently, the purchase of military equipment and hi-tech arms and ammunition gets affected.]

[Brunei´s foreign investment policies are unclear, in particular, the limits on foreign equity participation and the sectors in which investment is restricted. In addition, military procurement is a closed process with no clear cut criteria to be met in order to secure an order. This creates uncertainty among investors and poses a serious challenge to foreign direct investment in the sector.]

The Brunei defense industry is mainly managed by RBTS which is a semi-government-owned firm and the participation from other domestic private companies is negligible. Therefore, the majority of its military equipment is purchased through import channels. Due to the lack of manufacturing capabilities, the nation has no export contracts. Furthermore, the country is still in its nascent stage and is expected to explore better procurement opportunities and to prioritize other major areas in order to enhance the country´s defense capabilities.

Click for report details: www.companiesandmarkets.com/Market/Defence/Market-Research/Futur ..

Browse all Defence Market Research Reports www.companiesandmarkets.com/Market/Defence/Market-Research?aCode ..

Browse all Defence Company Profile Reports www.companiesandmarkets.com/Market/Defence/Company-Profile?aCode ..

Browse all Latest Market Research Reports www.companiesandmarkets.com/Market/All/Market-Research?aCode=f3f ..

About Us
Companiesandmarkets.com is a leading online business information aggregator with over 300,000 market reports and company profiles available to our clients. Our extensive range of reports are sourced from the leading publishers of business information and provide clients with the widest range of information available. In terms of company profiles, Companiesandmarkets.com’s online database allows clients access to market and corporate information to over 100,000 different companies. We provide clients with a fully indexed database of information where clients can find specific market reports on their niche industry sectors of interest.


Press Information


Published by
Mike King
London: +44 (0) 203 086 8600
e-mail
www.companiesandmarkets.com



# 481 Words
Related Articles
 
More From Finance
Arizona Real Estate Stats 2015
COMMENTARY by Tom Ruff of The Information Market Permission is granted only to ARMLS® Subscribers for reproduction with attribution [..]
Investing.co.uk Announces New Trader Counsel Services
LONDON - Jan. 25, 2016 - British financial news source Investing.co.uk has announced that it will now be offering the [..]
Credit-Yogi.com Offers Free Advice For Getting Completely [..]
Everyone has some degree of debt to deal with. Some folks have a lot of it, and they need to [..]
Offshore Processing slashes credit card processing costs [..]
High risk and high volume merchants engaged in unconventional trades, such as Adult Content, Adult Goods, Online Casinos, Online [..]
Real-Estate-Yogi Offers Free Advice to Returning Veterans [..]
Veterans of the United States are returning from active duty and need places to live. It is up to lenders [..]

Disclaimer: If you have any questions regarding information in this press release please contact the company added in the press release. Please do not contact pr-inside. We will not be able to assist you. PR-inside disclaims the content included in this release.