What Happened
Local Companies Move Up Value Chain In Manufacturing And Services
Malaysia’s aerospace industry is gaining momentum as local companies move into higher-value manufacturing, maintenance, and engineering services. With over 250 aerospace companies generating RM32.5bil in revenue and employing 30,000 skilled workers, the country is poised for further growth. The Malaysian Investment Development Authority (MIDA) has approved 30 aerospace investment projects worth RM2.7bil, expected to create 2,600 high-value jobs. According to The Star, local companies such as Pecca Aviation Services and Asia Digital Engineering are expanding their presence in the industry.