‘Aero­space sec­tor to gen­er­ate RM55.2b rev­enue by 2030’

Mida, MAHB also work­ing to at­tract more FDIs to growth ar­eas such as KLIA Aeropo­lis, Subang Air­port

New Straits Times - - BUSINESS - OOI TEE CHING bt@me­di­aprima.com.my

THE Malaysian In­vest­ment Devel­op­ment Au­thor­ity (Mida) ex­pects the lo­cal aero­space in­dus­try to gen­er­ate RM55.2 bil­lion in rev­enue by 2030.

Rev­enue from main­te­nance, re­pair and over­haul (MRO) was ex­pected to hit RM20.4 bil­lion, said Mida deputy chief ex­ec­u­tive of­fi­cer Datuk N. Ra­jen­dran.

An­other RM21.2 bil­lion could be gen­er­ated from aero-man­u­fac­tur­ing and RM13.6 bil­lion from engi­neer­ing and de­sign ser­vices.

He said the aero­space in­dus­try was an eco­nomic growth en­gine un­der the 11th Malaysia Plan.

“We will be look­ing at the ecosys­tem of the aero­space in­dus­try and the po­ten­tial com­pa­nies that can be tar­geted to fill up the gaps in the ecosys­tem,” said Ra­jen­dran af­ter sign­ing a mem­o­ran­dum of un­der­stand­ing, here, yes­ter­day.

Mida and Malaysia Air­ports Hold­ings Bhd (MAHB) are look­ing to at­tract for­eign di­rect in­vest­ments (FDIs) to achieve value ac­cre­tion to the na­tional econ­omy.

“We look to at­tract FDIs to growth po­ten­tial ar­eas — KLIA Aeropo­lis and Subang Air­port. This is aligned with MAHB’s goals and as­pi­ra­tions in cham­pi­oning In­dus­try 4.0,” said MAHB act­ing group chief ex­ec­u­tive of­fi­cer Raja Azmi Raja Nazud­din.

KLIA Aeropo­lis is a flag­ship air­port city within the 100 sq km of the Kuala Lumpur In­ter­na­tional Air­port (KLIA) in Sepang, Se­lan­gor.

Raja Azmi said the Subang Air­port Re­gen­er­a­tion Ini­tia­tive was to po­si­tion the area as a hub for avi­a­tion and aero­space busi­nesses.

“It is now work in progress. We hope that most of the mov­ing parts will be steady and fully op­er­a­tional by 2025,” he added.

At Subang, more than 200 firms are in­volved in MRO, aero­man­u­fac­tur­ing, ed­u­ca­tion and train­ing, sys­tems in­te­gra­tion and engi­neer­ing and de­sign ac­tiv­i­ties.

In the first quar­ter, Mida’s ap­proved in­vest­ments in the aero­space in­dus­try to­talled RM175.4 mil­lion from four man­u­fac­tur­ing projects and RM8.59 mil­lion from the MRO sec­tor.

Raja Azmi said MAHB en­vis­aged an­other one mil­lion sq ft of land to be de­vel­oped at the KLIA Aeropo­lis over the next three years, in ad­di­tion to the cur­rent projects with Cainiao, the lo­gis­tics arm of Alibaba Group.

PIC BY MUHD ZAABA ZAKERIA

Malaysian In­vest­ment Devel­op­ment Au­thor­ity deputy chief ex­ec­u­tive of­fi­cer (CEO) Datuk N. Ra­jen­dran (right) ex­chang­ing doc­u­ments with Malaysia Air­ports Hold­ings Bhd act­ing group CEO Raja Azmi Raja Nazud­din af­ter the sign­ing of a mem­o­ran­dum of un­der­stand­ing in Kuala Lumpur yes­ter­day.

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