In January 2021, Brunei Darussalam introduced the world to its Economic Blueprint. This provides detailed guidelines to accomplish the final step in Wawasan Brunei – a plan that was created a few years back.
The Sultan launched Wawasan Brunei 2035 in 2007 as the country’s answer to economic diversification. Brunei generates a majority of its revenue from petroleum alone, which accounts for 95% of the entire country’s exports.
Wawasan Brunei 2035 was designed to ensure that the people of the country become highly skilled and accomplished by 2035. This is, in time, expected to bring about an improved quality of life and create a robust, dynamic, and sustainable economy.
Today, Brunei is just a step away from the finish line.
The 3 goals of the Wawasan Brunei 2035 were as follows:
Build a nation of educated, highly skilled, and accomplished people.
The outcomes include: First-class education, equal educational opportunities, and human resource development.
Focus on creating a high quality of life.
The outcomes include: A sustainable environment, a resilient and cohesive society, and world-class health and safety, among others.
Bring about a dynamic and sustainable economy.
The outcomes include: Macroeconomic stability and low unemployment, among others.
Today, the country is on the path to fulfilling Goal 3 with the latest blueprint. It is designed to meet the following targets:
- Leverage advanced technology to develop a productive business environment.
- Promote continuous upskilling of the workforce through world-class training.
- Ensure global connection and openness of the national economy.
- Ensure the preservation of the environment.
- Infrastructure development to create an atmosphere conducive to the growth of businesses.
- Uphold good governance.
With each passing day, Brunei is proudly inching closer to recognizing its dream of building a robust and self-sufficient economy.