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The body was formed 26 November 2001 through the Brunei Economic Development Board (Amendment) Order 2001. In the statement, it stated that as a state owned statutory body, it possesses autonomy to carry out its role and responsibilities according to the Brunei Economic Development Board (Amendment) Order 2001. The main roles of the Board are to stimulate the growth, expansion and development of the economy by promoting Brunei Darussalam as an investment destination. The Board will also be responsible for implementing Government policies and preparing investment promotion plans, incentives and marketing strategies to attract foreign and local investments in advanced technology industries and skill-intensive services which enjoy good export market prospects. Apart from the above roles of promoting the aforementioned industries through joint ventures, the Board will assist and facilitate industrial development as a whole including supporting the development of small and medium enterprises. Presently, the focus and priority of the Board is to prepare, promote and develop industrial sites, and also strategic and competitive facilities for prioritized industries. This includes the development of Pulau Muara Besar and Sungai Liang.

Address: Bandar Seri Begawan BA1311,Negara Brunei Darussalam
Telephone: (673)-2230111
Fax: (673)-2230063
Website: http://www.bedb.com.bn/