Deputy International Trade and Industry Minister Datuk Lee Chee Leong said during this period, the region would account for 36% of global deliveries of passenger and freight planes, according to a forecast by Boeing.
“These services include engineering, electronics, composite materials, as well as manufacturing and systems integration, which will benefit Malaysia, as it is a well known MRO centre,” he said at a Malaysian Investment Development Authority (Mida) forum on the aerospace industry in conjunction with the 13th Langkawi International Maritime and Aerospace Exhibition.
Lee was representing International Trade and Industry Minister Datuk Seri Mustapa Mohamed.
He said there were so far 41 projects in the aerospace sector with total investments of RM5.3bil, of which 19 were projects in the MRO sector.
“Last year alone, the industry attracted seven projects worth RM682bil in approved investments, of which 27% (RM187bil) came from foreign sources,” he said.
Meanwhile, Mida chief executive officer Datuk Azman Mahmud said trained manpower was necessary to cater to the demand, as the aerospace industry needed highly specialised skills.
“There have been significant improvement in the aerospace sector since 1997, which had benefited from training institutions such as the Advanced Composite Training Centre at UniKL-Malaysia Institute of Aviation Technology, the Advanced Aeronautics Technology Centre as well as related diploma and degree levels at public universities.
Azman said the eighth initiative under the National Aerospace Blueprint (2015 to 2030) launched by Prime Minister Datuk Seri Najib Tun Razak on Tuesday was dedicated to talent development for the aerospace sector. At the 13th LIMA, Najib had launched the blueprint, which focused on the country’s aspirations to become the leading aerospace nation in South-East Asia by 2030.
Najib had said Malaysia’s aerospace industry was projected to contribute RM32.5bil in revenue, providing 32,000 high-income jobs by 2030.
Najib had added that the Cabinet recently approved the establishment of the National Aerospace Coordinating Agency, which will become the new secretariat for the Malaysian Aerospace Council.