Malaysia's aerospace industry set to soar with 7% growth


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

“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,” Mustapa said at the Miti booth during Lima 2017 here yesterday.

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