Positioning Malaysia as an aerospace hub in South-East Asia

Ministry of investments, trade and industry hopes for any incentives to be allocated for the aerospace industry in Budget 2024, which will be announced on Friday, October 13, 2023 - LOW BOON TAT/THE STAR

PETALING JAYA: The New Industrial Master Plan 2030 (NIMP 2030) will complement the Malaysian Aerospace Blueprint 2030 in transforming the country into a global hub for sustainable aerospace manufacturing and services.

Investment, Trade and Industry Minister Tengku Datuk Seri Zafrul Abdul Aziz said the blueprint outlines 41 key initiatives and is expected to generate annual revenue of RM55.2bil and create 32,000 high income jobs by 2030.