"Free trade zones and border industrial estates offer maximum flexibility in taxes and customs."

A bonded warehouse with an automated storage and retrieval system (AS/RS) surrounded by a natural forest to protect against pollution.

Project Information

  • Project Name : Andaman Free Trade Zone & Supporting Industrial Park Complex
  • Client :
    1. Global 3PL & Liners
    2. Supporting Maritime & Energy Suppliers
    3. Maritime Institutes & Shipping Alliances
    4. Expat Executives & Marine Engineers
  • Background & Rationale :
    The propulsion of the mega-project at the gigawatt level and the creation of international shipyards along the 15-kilometer energy pipeline cannot be achieved effectively without a fast-paced back-end logistics system. The establishment of a "Free Trade Zone" and a "Supporting Industrial Park" in Zone B (Ao Ang Bay) is therefore a crucial strategy for attracting global supply chains.
    This area will function as a central hub for customs exemptions, a warehouse for marine spare parts (RINA CLASS), a reserve storage for engineering materials for 47 wind turbines, and most importantly, as a pre-clearance area to support the transportation of raw materials and high-purity chemicals (UPW) for the semiconductor (full-chip) and green ammonia industries, thereby reducing customs procedures and creating maximum cost advantages for the co-investors.

Objectives :
1. Establishment of a Customs-Free Zone: To set up a Duty-Free Special Economic Zone that supports import-export and cargo distribution, acting as a strategic bypass for the Red Sea geopolitical crisis.
2. Smart Logistics Infrastructure: To construct Smart Warehouses and a comprehensive logistics hub to support commercial fleets and all coastal engineering operations.
3. Utility & Infrastructure Readiness: To allocate space and primary utilities—including an integrated power grid backed by a 1,000 MW Combined Cycle Power Plant (CCPP) and advanced water systems—to support semiconductor (chip) and energy plants in the upcoming phases.

Key Targets :
1. Deployment of Large-Scale Floating Dry Docks: To establish at least two mega floating dry docks capable of accommodating ultra-large vessels, including Capesize bulkers and VLCC crude oil tankers.
2. Global Maritime Supply Hub: To set up a comprehensive ship parts and marine spare parts distribution center in partnership with world-class shipbrokers (such as Braemar / Grace Lin) to deliver 24/7 maintenance services.
3. Pre-Lease Commitments from Global Leaders: To secure pre-lease agreements with leading international logistics and supply chain corporations (such as DHL, DB Schenker, or COSCO Logistics).

Key Requirements :
1. Legal Rights & Incentives : Must secure official approval to establish a "Free Trade Zone" (Customs-Free Zone) from the Department of Customs, alongside maximum BOI privileges (including maximum corporate income tax exemptions and import duty exemptions on machinery and raw materials) under a 50-year long-term land concession lease agreement.
2. Government Land Unlocking : Requires a Cabinet Resolution to approve land-use rights for 400 Rai in the "Ao Ang" area, by completing the adjustment of the national park boundaries as the critical first step.
3. Security & Automation Standards : The warehousing systems must meet international security standards (TAPA Certified) and implement an automated Electronic Customs (e-Customs) system seamlessly integrated with the port operations.

Location/Area :
  • Location : Zone D (Ao Ang Bay, Ranong) *(1 Rai = 1,600 Square Meters)*
  • Area : Total of 400 Rai (divided into a duty-free warehouse zone of 200 Rai, a supporting industrial zone of 50 Rai, a Maritime & Logistic Academy + Service Apartment of 50 Rai, and a reserve land of 100 Rai for constructing dry docks) **1 Rai = 1,600 square meters**

Budget :
  • Total Budget (Turnkey - EPC) : 12,800 Million Baht(THB) (Reference in Thai Baht)

Timeline :
  • Preparation Period : 3 - 6 months (starting immediately after receiving operational support)
  • Turnkey Construction Period : 18 months
  • Operation Start Date : Within 2028 (BE 2571)

Responsible Parties :
  • Contract and Concession Management : Golden Bridge Investment Holding (Thailand) Co., Ltd. (GBI Holding) in their capacity as the concession owner and development rights holder for 50 years
  • Co-Investors and Funding Providers : Financial institutions and institutional funds under the ADGM (Abu Dhabi Global Market) network
  • Warehouse Management : Currently in the process of selecting global logistics partners (Global Third-Party Logistics)

Expected Outcomes :
1. Creation of a new alternative logistics hub in Asia, attracting high-value goods and components to Ranong for global distribution without tax implications
2. GBI Holding will commence revenue generation from warehouse rental (Lease Revenue) and concession fees immediately upon completion, creating a long-term cash flow guarantee for 50 years
3. Completion of land preparation and infrastructure (Site Ready), increasing the value of GBI's leased land immediately, and opening the door for green ammonia plants (2,000 MW) and chip industrial parks in the next phase to be installed without delay