![]() Last year, Malaysia recorded a 19.5% increase to reach an export value of US$1.87 billion (US$1=RM4.13), compared to US$1.57 billion in 2018. Since 2014, Malaysia had maintained a double-digit growth in the export of aerospace parts and components, Wan Latiff said. The Malaysian Government was committed to strengthening the aerospace ecosystem by implementing efforts to transform Selangor and Kuala Lumpur areas into Southeast Asia’s hub for aerospace particularly via Subang Aerotech Park and KLIA Aeropolis, he added. These are values that make the aerospace sector one of Malaysia’s high-value sectors, capable of accelerating the growth of Malaysia’s trade.Ĭurrently, he said the aerospace industry activities can be seen throughout the country, especially in Selangor, Penang and Johor. The industry also contributed RM14.4 billion to the nation’s gross domestic product in 2018. The Malaysian aerospace industry has seen strong growth and has provided more than 24,500 jobs, mainly in aero-manufacturing and MRO sub-sectors. The corporation’s mission to the Singapore Airshow is to promote Malaysia’s capabilities in the aerospace sector, particularly in aero-manufacturing maintenance, repair and overhaul (MRO) education and training services aviation and also defence.Īccording to Wan Latiff, the aerospace industry in Malaysia had rapidly grown over the past years and is considered one of the high-impact sectors for the country’s export industry. ![]() MATRADE facilitates the participation of 57 Malaysian delegates from 14 organisations at this year’s Singapore Airshow. “I am confident with all these in place, Malaysia will be a key player in the development of the industry globally and we look forward to forge collaborations with other nations for mutual benefit,” he said. Moving forward, Wan Latiff said the agency would continue to spearhead the promotion of Malaysia’s aerospace industry internationally.Īpart from the Singapore Airshow and KLIABC 2020, other initiatives that MATRADE is involved in are Aeromart Seattle, USA Farnborough International Airshow, UK and Aeromart Toulouse, France. “There is a need for technology transfer as the next step for industry excellence,” he said. “Given the growing demand for commercial aircraft in this region, MATRADE is confident that the aerospace industry in Malaysia will remain a vibrant and thriving industry for many years to come. He said this at the opening ceremony of the Malaysia Pavilion at the Singapore Airshow 2020 and the soft launch of the Kuala Lumpur International Aerospace Business Convention (KLIABC) 2020.Īlso present were Malaysian High Commissioner to Singapore, Datuk Zainol Rahim Zainuddin, and representatives from ministries, agencies and the private sector. Wan Latiff said currently, Malaysia is home to more than 230 aerospace companies and “this is a great enabler for the development of a vibrant local supply chain comprising both international and local industry players.” MATRADE, or Malaysia External Trade Development Corporation, is Malaysia’s trade promotion agency under the Ministry of International Trade and Industry (MITI). SINGAPORE: Southeast Asia’s dynamic regional aerospace market has left Malaysia well positioned to capitalise on this industry, according to MATRADE chief executive officer Datuk Wan Latiff Wan Musa. ![]()
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