BY NORHAYATI UMOR
SHAH ALAM, MAY 16: Selangor aims to be the world’s third best aerospace hub in an effort to attract foreign direct investments (FDI) into the state.
Dato’ Menteri Besar, Dato’ Seri Mohamed Azmin Ali said Selangor continues to foster close ties with international industry players to realise the goal.
He said, the aerospace industry directly impacts FDI value and ultimately, he expects rapid growth in economy, research and development (R&D).
“It also directly affects technology advancement and paradigm shift in the field of education.
“I believe that it is very important for us to participate in various investment mission by making several changes. In 2016, we exceeded our investment target by 30 percent which was RM7.9 billion.
“The aerospace industry is the ultimate industry defined as complicated. It sets a high standard in quality and accuracy. It is also a benchmark in human capital that demands accountability and transparency,” he said in an investment mission to Brussels recently.
In that mission, Mohamed Azmin met key players from Europe from the aerospace and halal industries.
The mission started with a roundtable discussion on halal markets with collaboration from Fevia and Wagralim.
“Selangor is the perfect gateway to bridge Halal Markets in Europe,” he said.
Based on the expanding aerospace cluster in Selangor, the State Government had encouraged international aerospace players to explore the existing ecosystem for further expansion.
Invest Selangor Chief Executive Officer, Dato’ Hasan Azhari said future developments will be driven by the existing solid ecosystem to benefit aerospace players.
Those developments include aerospace metal production parks in Serendah and Subang, Subang Nexus and Sepang, known as Kuala Lumpur International Airport Aeropolis.
The Malaysian aerospace industry registered RM11.8 billion revenue in 2014 and projected to RM12.6 billion in 2015.
Selangor also expects to generate RM750 million through the aerospace industry once the Serendah factory is fully completed.
BY NORHAYATI UMOR