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Malaysia Beckons Defence Investments

: Mar 26, 2019 - : 3:55 pm

Prime Minister Tun Dr Mahathir Mohamad has assured that his government would continue to facilitate investment projects and business partnerships as well as provide platforms for the aerospace and maritime industries.

“The investment in the security sector will involve equipping the Armed Forces with the state-of-the- art technologies and weaponry. We plan to make Malaysia the leading aerospace nation in South East Asia and an integral part of the global market whereby this was spelt out under the Malaysia Aerospace Industry Blueprint 2030,” Dr Mahathir said.

Dr Mahathir said that Malaysia should look at other opportunities in the industry particularly in ship designing, parts and components manufacturing, system integration, and other marine equipment production.

Under the 2019 Budget, Malaysia has allocated a total of RM5.9 billion for the security sector which covers defence, public order and enforcement. The intro-duction of Langkawi International Maritime and Aerospace Exhibition (LIMA) in 1991 helped to trigger Malaysia keep up with the rapidly developing defence industry, according to the premier.

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