OPPORTUNITIES IN BRUNEI DARUSSALAM’S AVIATION MAINTENANCE
Maintenance, Repair & Overhaul (MRO)
Airframe MRO- component, engine & landing gear
Flight Crew Training Academy
Manufacturing, Distribution & Aviation Research Development Facilities
WHY BRUNEI DARUSSALAM FOR YOUR INVESTMENT IN AVIATION MAINTENANCE?
The BEDB has identified aviation maintenance as a potentially attractive niche in its economic diversification efforts. The burgeoning low cost carriers, coupled with aircraft refleeting and acquisitions by legacy carriers in the region, including state-owned Royal Brunei Airlines, marks a foreseeable demand for aviation related activities in the near future. Airlines continue to outsource their maintenance activities outside of their organisation, further substantiating the demand for maintenance related activities for many carriers.
BRUNEI DARUSSALAM'S COMMITMENT TO AVIATION MAINTENANCE DEVELOPMENT
In an effort to bolster aviation related activities, the aviation cluster and all of its supply chain activities may enjoy tax breaks of up to eleven years or more under the Investment Incentives Order 2001. There is no restriction on investor ownership so companies may be 100% foreign-owned. There is no income tax, capital gains tax or manufacturing tax in Brunei and utility rates and labour costs are considered one of the cheapest in the region. The absence of industrial union associations makes Brunei an attractive destination for major international corporations.
There is readily available infrastructure in the form of modern and well equipped industrial hangar space at the Brunei International Airport. The BEDB is prepared to collaborate, facilitate and invest in infrastructure development and site allocation for hangar construction, backshop and training facilities for potential investors contemplating on setting up an MRO or a Flight Crew Training Academy in Brunei. The national carrier, Royal Brunei Airlines also has a plethora of available qualified workforce and technical expertise for aircraft maintenance and overhaul services.
http://www.bedb.com.bn/index_aviation.php
Brief Introduction of Brunei
Brunei Darussalam is a small country with great potential. It is ranked number one in the Islamic world in terms of the Human Development Index (HDI), which measures a country's quality of life.
Strategically located on the north-west coast of the island of Borneo, right in the heart of Asia, it is just two to three hours flying distance from most ASEAN countries. Brunei has a total land area of 5,765 km² and over 160 kilometers of coastline along the South China Sea. Sitting on the equator, Brunei Darussalam enjoys an equatorial climate with an average temperature of about 28° Celsius, high humidity and heavy rainfall.
Brunei Darussalam is divided into four districts, namely Brunei-Muara, Tutong, Belait and Temburong. Its capital, Bandar Seri Begawan, is located in the Brunei-Muara district. The capital is the centre of Government and business activities. All the other major towns are within a two hour driving distance from Bandar Seri Begawan.
Population
Latest statistics put Brunei Darussalam’s population at 390,000 and growing at an average rate of 1.8% per annum. Brunei Darussalam has a multi-racial society, comprising of 67% Malays and 15% Chinese. Other races such as Indians, indigenous ethnic groups and expatriates make up the rest of the country’s population. Brunei Darussalam has a young population: 54% are in the 20-54 working age group, another 39% are below the age of 19 while only 7% are 55 and above.
Language
Bahasa Melayu (Malay Language) is the official language, but English is also widely spoken and understood. Various dialects of Chinese and Indian are used by the respective communities. Arabic is also taught in schools and institutions of higher learning.
Religion
Islam is the official religion of Brunei Darussalam and has been since the 14th century. Brunei takes its religion very seriously and has developed a strong Islamic reputation around the world. However, Brunei also practices religious tolerance as underwritten by the constitution. Other faiths practiced in the State include Christianity and Buddhism. About 67% of the population is Muslim.
Government
A British protectorate since 1888, Brunei Darussalam and became an independent sovereign Sultanate on 1 January 1984. Brunei Darussalam is governed on the basis of a written constitution which came into effect in 1959. Under the constitution His Majesty the Sultan has executive authority and is assisted and advised by 5 constitutional bodies, namely the Council of Succession, the Council of Cabinet Ministers, the Privy Council, the Religious Council and the Legislative Council.
The present Head of State and Head of Government is His Majesty Sultan Haji Hassanal Bolkiah Mu’izzaddin Waddaulah, the 29th monarch to succeed to the throne. His Majesty is also the Prime Minister and heads a team of Cabinet Ministers.
Judiciary
Brunei Darussalam’s judiciary system is based on English Common Law. The Supreme Court comprises the High Court and the Court of Appeals, while the Subordinate Court consists of the Magistrate's Courts. A Syariah Court also co-exists with the Supreme Court and deals with Islamic laws. For Muslims, Islamic Syariah Law supersedes civil law in a number of areas. In 1991 the Intermediate Court was established with extensive civil and criminal jurisdiction; although it does not deal with capital offences.
Education
The Government of His Majesty The Sultan and Yang Di-Pertuan of Negara Brunei Darussalam provides free education to all Brunei Darussalam citizens and permanent residents who attend government schools. While the current education policy priorities the Malay Language as the official national language, English is most commonly used as the medium of instruction. Arabic is also used in religious schools.
The literacy rate in Brunei Darussalam is about 93%, which is among the highest in the world. The United Nations Development Programme has ranked Brunei Darussalam 30th in the “High Human Development” category.
Healthcare
Healthcare is a priority to His Majesty’s Government by demonstrated in the provision of a comprehensive health care system for the people of Brunei Darussalam. The main health policy is to provide high quality yet cost effective health care in order to maintain a high standard of living in a clean and healthy environment. Among the objectives are to reduce the infant mortality rate, diseases and disability, promote a healthy way of life and improve the environment.
Brunei Darussalam’s health services are ranked among the best in Asia. Citizens of Brunei Darussalam are charged a nominal fee at public hospitals and health clinics. Apart from public health care there are also private clinics and a private medical centre for those who seeking alternatives.