Malaysia’s aerospace industry set to grow by 7%

Spencer Ogden our consultant managing the role
Date posted22/Mar/2017
Spencer Ogden our consultant managing the role

The aerospace industry in Malaysia is expected to grow by 7% this year with the aerospace manufacturing sector forecast to contribute 55% to industry revenue, according to International Trade and Industry (Miti) Minister Datuk Seri Mustapa.

 

“The Malaysian Investment Development Authority (Mida) has 10 aerospace projects in the pipeline with an investment value of RM1bil. We are negotiating to secure these 10 aerospace projects now,” said Mustapa.

 

Mustapa also said the aerospace industry managed to maintain growth in 2016, recording revenue of RM12.7billion.

 

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