What Happened
State Invests In Aerospace To Drive Economic Growth
Sarawak is investing in aerospace as part of its economic development plan, with a focus on developing capabilities in areas like semiconductor manufacturing and satellite engineering. The state plans to launch its first nano satellite by 2030, which is expected to be a catalyst for developing local expertise and strengthening university-industry collaboration. According to the Organisation for Economic Co-operation and Development (OECD), the global space economy is projected to grow to $1.8 trillion by 2035, with much of that growth coming from industries that depend on satellite-enabled technologies. This was reported by Unknown Source.