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.

Sovereign Wealth Enterprises:

1. Dorchester Collection
Established in 1996, it is a portfolio of luxury hotels, including the The Dorchester in London, The Beverly Hills Hotel in Los Angeles, Le Meurice and the Hotel Plaza Athinie in Paris and the Hotel Principe di Savoia in Milan.

2. Nudhar Corporation
It owns a 19% stake in Patersons Securities.

3. Bahagia Investment Corporation
A Malaysian entity that has investments in real estate.


News and Updates

7/11/2009
BIA Buys Property To Expand Paris Hotel
"Brunei Investment Agency (BIA) has acquired a prime property next to the BIAcontrolled Hotel Plaza Athenee in Paris to expand the capacity of the famous landmark, French Ambassador to Brunei Louis Le Vert yesterday said during the reception for the French National Day. The envoy said that such investment has been "welcomed warmly" by the French government as it shows BIA's confidence in the city of Paris as a travel destination. He didn't give other details."
read more: Bru Direct

5/1/2009
Large Brunei investment in Kuala Lumpur
According to The Star, "The Brunei Investment Agency, which is the financial and investment arm of the oil-rich sultanate, will take up a big stake in the construction of a five-star hotel in Kuala Lumpur’s Golden Triangle. The agency was also eyeing Johor, Sabah and Sarawak for investment opportunities following talks between Prime Minister Datuk Seri Najib Tun Razak and Sultan Hassanal Bolkiah. Najib said yesterday Brunei’s decision to continue to invest heavily in Malaysia was important as it reflected the confidence that the sultanate had in Malaysia."
read more: The Star

3/25/2009
Brunei Investment Agency invests in Australian Securities Firm
According to The West Australian, "Amin Abdullah is the managing director of the Brunei Investment Agency, which paid $12.1 million for a 19 per cent stake in Patersons via subsidiary Nudhar Corporation last month."
read more: The West Australian

8/14/2008
Brunei Investment Agency now able to invest in India Equity Market
According to Bloomberg, "Middle East investors including the Brunei Investment Agency, the Abu Dhabi Investment Council and Qatar Insurance Co. can also buy equities in India for the first time, according to the regulator.

The Gulf Cooperation Council states, which together pump about one-fifth of the world's crude, earn more than $1.2 billion a day from oil sales."
read more: Bloomberg


Website

Brunei Investment Agency


Major Foreign Investments (Public)

Company Country Industry % Ownership Comments
Jordan Phosphate Mines Company Jordan Phosphates 37%


Major Foreign Investments (Private)

Company Country Type % Ownership Comments
Patersons Securities Australia Finance 19%


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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