DUBLIN--(BUSINESS WIRE)--The "Brunei Freight & Logistics Market Study - Market Trends, Analysis & Forecasts to 2023" report has been added to ResearchAndMarkets.com's offering.
The Brunei freight & logistics market was valued at USD 157.25 million in 2017.
To lessen the burden for Brunei organizations, the government has provided customs tax reduction for several items. The machinery and industrial equipment that utilize electricity will see reduction from 20% to 5% and heavy vehicles will see a reduction from 20% to 5%. According to the Deputy Commissioner of Town & Planning Department, two possible sites in Kg Long Mayan and Kg Binturan have been identified as options for the second international airport for Brunei Darussalam. Royal Brunei Airlines is restructuring its strategy and focus toward regional market and has even stopped some regional and long-haul flights. Muara Port plans to extend the container wharf to serve as a second container berth to a total quay length of 400 m.
The biggest opportunity in Brunei Darussalam currently seems to be in the multi-trillion dollar Halal industry. The country maintains a pristine image and is looked upon by the Islamic world as a center of Islamic culture. The Brunei Halal brand was a first mover concept.
One of the key objectives of setting up the Guangxi - Brunei Economic Corridor is to tap the Halal trade, and hence, even a bio-innovation zone is being developed and augmented post this partnership, which was formalized in 2014 and has been maintaining considerable momentum thereafter.
- DB Schenker
- Yusen Logistics
- Kerry Logistics
Key Topics Covered:
2. Market Overview
3. Market Dynamics
4. Brunei Freight & logistics Market Insights, by Mode of Freight Transport Forecast (2014 - 2023)
5. Brunei Freight & Logistics Market Insights, by Function Forecast (2014 - 2023)
6. Brunei Freight & Logistics Market Insights, by End User Forecast (2014 - 2023)
7. Key Company Players
8. Investment Outlook
For more information about this report visit https://www.researchandmarkets.com/research/8n6h69/brunei_freight?w=4