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COMMERCIAL MRO 22 AUGUST/SEPTEMBER 2016 AIRCRAFT MAINTENANCE TECHNOLOGY Thailand's leading developers of industrial estates, the Hemaraj. HEMARAJ LAND AND DEVELOPMENT PLC Hemaraj Land And Development Public Company Limited, established in 1988, is Thailand's leading developer of industrial estates, utilities, power, and property solu- tions. Hemaraj develops eight + industrial estates in Thailand on 18.079 acres land. Hemaraj's industrial customers — a total count is 673 — are from the automotive, petrochemical, and other fields. Beside utilities like water and power Hemaraj develops 85.000.000 square feet of ready built factories and logistic parks. Hemaraj is offering ready built factories for lease or for purchase but is also offering only land for sale and is able to build industrial sites to customer specification. Hemaraj is since 2006 Thailand's No. 1 building-to-suit logis - tics facilities developer and was acquired in 2015 by WHA Corporation and is work- ing toward becoming one-stop service for reputable partners. The Hemaraj sites are conveniently located across Thailand in proximity of international airports Suvarnabuhmi/ Bangkok, U-Patao serving Pattaya/Rayong region and close to Bagkok Port and Laem Chabang deap sea port. All their indus- trial estates are located conveniently close to Thailand's free trade zones. Hemaraj has in its portfolio Saraburi Industrial Land estate – this cluster is being pro- moted with BOI investment programs. This site is located 70km from Bangkok and is being developed on 1.448 acres total area where the Phase 2 is not yet developed, thus with ample growth pos- sibilities. For more information visit www. hemaraj.com or www.wha.co.th. BOARD OF INVESTMENT The Office of the Board of Investment (BOI) is the principal government agency that operates under the Prime Minister's Office for the purpose of encouraging investment in Thailand and serves as the professional contact point for investors, providing them with useful investment information and services. In addition, the BOI offers business support and investment incentives to foreign inves- tors in Thailand, including tax and non- tax incentives. A few non-tax incentives include granting land ownership to for- eigners and facilitating visas and work permits. Besides serving the needs of overseas investors, the BOI also offers consultation services to Thai investors who are interested in investment oppor- tunities abroad as BOI has representatives in the United States and across Europe. BOI introduced a new scheme according to which aerospace related activities are eligible for additional incentives if based in one of 14 Super Clusters and if they meet certain obligatory conditions. One of the obligatory conditions is the coop- eration with academic or research institu- tions and investors are required to apply for incentives in 2016 and begin operations in 2017. Investors meeting all conditions are eligible to be granted Super Cluster incentives such as an eight-year corporate income tax exemption and an additional five-year reduction of 50 percent. Personal income tax exemption will be granted for renowned specialists working in specified areas. For future industries of significant importance, the Ministry of Finance will consider granting 10-15 years of corporate income tax exemption. Activities like repair or manufacturing of aircraft, engines or of its parts are eligible to receive incentives. Those activities need to be approved by related agencies. For more information visit www.bio.go.th. *AOT, Airports of Thailand Public Company Limited (Plc), or AOT, was established from the corporatiza- tion of the Airports Authority of Thailand, a state enterprise. It became a public company on Sept. 30, 2002, with a total registered capital of THB 14,285,700,000, divided into 1,428,570,000 ordinary shares at a par value of THB 10. The Ministry of Finance is the largest shareholder with a 70 percent stake, with the other 30 percent held by institutional and retail investors. AOT's head office is located in Bangkok. MARINO BORIC graduated with a university degree as an aeronautic engineer, and acquired degrees in business development/ trade and commerce and in journalism. He is a civil and military pilot and has built experimental aircraft. As a journalist, he specializes in aviation and propulsion and travels worldwide, flight-testing UL, LSA, Experimental, and certified aircraft. He is writing for U.S., European, and Chinese media companies.