Section 8

to promote or undertake, form or participate in any residential, industrial, agricultural or commercial development on areas in Brunei Darussalam designated for such purposes;

to promote or undertake any kind of business, trading and commercial enterprises including agricultural, industrial, housing and mining enterprises in Brunei Darussalam as the Board may think fit;

promote, wherever necessary any company or companies for any of the purposes specified in paragraph (b);

with the written approval of the Minister and Minister of

Finance and Economy to establish a bank or a financial institution;

to stimulate the growth, expansion and development of

Brunei Darussalam economy by promoting Brunei Darussalam as an investment destination;

to formulate investment promotion policies and plans, promotional incentives and marketing strategies to attract foreign and local investments in advanced technology industries and skill-intensive services which enjoy good export market prospects;

to promote, facilitate and assist in the development of industrial activities including export oriented business activities;

to encourage foreign and local industries to upgrade their skill and technological levels through investment in new technology, automation, training, research and product development activities;

Brunei Economic Development Board 10

support the development of local entrepreneurs and small and medium businesses and assist local companies to expand and upgrade their operations; and

to do all such other acts and things as are necessary for the exercise of the powers or performance of all or any of the functions and duties of the Board under this Act or to perform such other functions as a body or authority if appointed as such by His Majesty the Sultan and Yang Di-Pertuan in Council in accordance with any written law.