B runei had the chance to diversify its economy in the 90s when Amedeo corp. own by Prince Jefri who is also the Ministry of Finance during that time.

Under Jefri- A medeo Corp. builds the Jerudong park( amusement park), State of the art hospital (JPMC), 6 star hotel (Empire hotel) & many projects. He also bought Asprey, Beverly hills hotel, Dorchester hotel & other properties in London.

But somehow due to mis-management of the country's budget by overspending on exotics & luxury cars( 3000 plus high end cars), overcharging by contractors(e.g- 400$ for a 20cent screw), abuse of budget by its people(close friend of the prince), giving free entrance to Jerudong park, provide free entertainment to expensive concert( Michael Jackson,Mariah Carey) etc. The corp. collapse. & owe many foreign company billions. (16Billion).

Jefri have a good vision for B runei in the 90s. He has vision many projects which is similar to Dubai.He plans to build a big Mall, F1 racing circuit & expand the Empire Hotel similar to the Dubai palm and the Pearl Qatar.All projects halts & cancel when it collapse.

BIA took over all Amedeo assets & have to auction off many property own under Amedeo corp. to recover back.

This post has been edited by z928328: Sep 17 2012, 09:50 AM

They are cunning and always help among each other race.