Malaysia Intensifies Aerospace, Maritime Growth To Strengthen Economic Resilience
KUALA LUMPUR, May 21 (Bernama) -- The Malaysian Investment Development Authority (MIDA) reaffirmed the nation's commitment to accelerating growth in the aerospace, and shipbuilding and ship repair (SBSR) sectors to strengthen economic resilience.
In a statement today, MIDA said that these industries are key pillars of the New Industrial Master Plan (NIMP) 2030, which aims to transform Malaysia into a future-ready, innovation-driven economy.
'As global supply chains face ongoing disruptions and the race for technological leadership intensifies, Malaysia is doubling down on its strategic industries to secure long-term economic resilience and regional influence,' it said.
MIDA said Malaysia is leveraging its strategic location and skilled workforce to become a preferred hub for advanced aerospace and maritime industries.
'MIDA is actively supporting investors to pioneer sustainable technologies, strengthen supply chains, and build industrial ecosystems that withstand global headwinds,' it said.
MIDA said it also aims to elevate Malaysia's status as a regional aerospace hub, particularly in maintenance, repair and overhaul (MRO), manufacturing, and engineering services.
'With the global aerospace value chain shifting towards Asia, Malaysia is seizing the opportunity to enhance its competitiveness and capabilities.
'Malaysia's aerospace ambitions gained significant momentum in 2024, with nine approved projects valued at RM1.4 billion, 71 per cent from international investors.
'This achievement underscores growing global confidence in Malaysia's comprehensive aerospace ecosystem, particularly in MRO, manufacturing and engineering services,' it said.
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