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MarketAark :The Bruneian Defense Industry Market Opportunities and Entry Strategies, Analyses

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					                        The Bruneian Defense Industry Market Opportunities and Entry
                                  Strategies, Analyses and Forecasts to 2016

   Brunei’s defense expenditure is expected to increase at a CAGR of 6.7% during the forecast period

London, May 31st, 2012 – Brunei’s military spending, which stood at US$0.44 billion in 2012,
increased at a CAGR of 5.79% during the review period and is projected to register a CAGR of 6.7%
during the forecast period, to reach US$0.57 billion by 2016. Owing to the global financial crisis and
a subsequent fall in oil and gas prices, 2009 witnessed a drop in the country’s defense spending.
However, high macroeconomic stability and conservative economic policies insulated it from the
aftereffects of the economic crisis, and defense spending recovered in 2010 (reference see graph
below).


                                0.45                                                                                           14%




                                                                                                                                      Defense expenditure growth rate (%)
                                0.40                                                                                           12%
 Defense budget (US$ Billion)




                                0.35                                                                                           10%
                                0.30                                                                                           8%
                                                                0.22                                              0.27
                                0.25                                                             0.24                          6%
                                              0.22                              0.22
                                0.20                                                                                           4%
                                0.15                                                                                           2%
                                0.10                                            0.12                                           0%
                                                                                                 0.13             0.15
                                0.05          0.12              0.12                                                           -2%
                                0.00                                                                                           -4%
                                              2007              2008            2009             2010             2011

                                       Capital expenditure (US$ bn)    Revenue expenditure (US$ bn)     Def ense expenditure growth



A lack of transparency and a small budget hampers the entry of foreign investors into Brunei’s
defense sector. Military procurement is a closed process with no clear criteria to be met to secure an
order. In addition, with virtually no participation from the private sector, the country’s defense
sector lacks the enterprise for rapid development. Moreover, Brunei’s defense budget is small
compared to its neighbors and other leading defense spenders, failing to attract significant interest
from foreign investors.

Brunei does not export any arms to foreign countries as the domestic defense industry is still in its
nascent stages. It currently only imports arms from Germany and France but is in talks with other
countries such as China, Ukraine, Russia, Indonesia, and the US, for military procurement. Domestic
participation in the defense sector is restricted to the semi-government-owned military
procurement firm Royal Brunei Technical Services, which manages the acquisition of systems,
equipment, and related material and services.

Brunei is not a signatory to the WTO agreement on government procurements, which are conducted
by ministries and the State Tender Board of the Ministry of Finance. Foreign investors seeking to
enter Brunei’s defense market are selectively invited by the government to bid on procurements,
with no open tenders being published. The award process often lacks transparency, with tenders
sometimes not being awarded or being re-tendered for reasons not made public.

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 The Bruneian Defense Industry: Market Opportunities and Entry Strategies, Analyses and Forecasts
to 2016

 The Bruneian Defense Industry to 2015 - Competitive Landscape and Strategic Insights

 The Bruneian Defense Industry to 2015 - Market Entry Strategy

 The Bruneian Defense Industry to 2015 - Market Attractiveness and Emerging Opportunities

 The Bruneian Defense Industry to 2015 - Industry Dynamics: Market Profile

 The Bruneian Defense Industry - Defense Procurement Market Dynamics to 2015: Market Profile

 The Bruneian Defense Industry - Market Opportunities and Entry Strategies Analyses and Forecasts
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