Selangor gearing up for the aerospace industry

The industry has a high impact to improve the country’s vision and standards to be a highincome nation, says CEO


THE Selangor government has identified its aerospace industry as an integral part of the global market by 2030 with an estimated annual revenue of RM55.2 billion, as well as generating more than 32,000 high-income jobs in the state and Malaysia, in general.

Invest Selangor Bhd CEO Datuk Hasan Azhari Idris (picture) said there are ample opportunities for graduates to explore the state’s aerospace industry, be it as valid licensed aircraft engineers or maintenance, repair and overhaul (MRO) technicians.

“We are going to have collaborations with educational training centres. We don’t restrict ourselves to colleges. It might be a public-public partnerships and public-private partnerships. Both ways (are) possible.

“(There) may be special initiative to be announced soon, maybe towards the end of the year. We (are) still finalising at the federal and state levels.

“(However), it is too early for me to say something, but we are doing something about it,” he told The Malaysian Reserve on the sidelines of Selangor Investment Seminar in Subang Jaya yesterday.

Hasan Azhari added that the state has come up with the initiative as many are still not aware of the potential of the aerospace industry.

“Besides that, this industry has a high impact to improve the country’s vision and standards to be a high-income nation. However, exposure and so forth (are) still (lacking).

“And we are taking the advantage of having most of the industries located in Selangor. We do not want to be complacent, right? If other states catch up, then we could be left behind,” he said.

In terms of how many graduates the state is expecting to target in attracting them, Hasan Azhari said the state government has not conducted a proper study on the matter, but noted that there is a certain target under the state’s action plan.

On how much investment is being put aside, he said: “We will be announcing soon on that.”

Meanwhile, when asked for his opinion on how aerospace can be another sector for Malaysia to focus on, while cushioning the ongoing US-China trade war, Hasan Azhari said the Selangor government is taking the opportunity to strengthen its position as an established aerospace state.

“We are taking this opportunity to strengthen our position since Selangor already has this kind of (aerospace) industry.

“Other places such as Singapore, of course, they are now indeed in front (of us), but the cost of doing business is getting higher and higher.

“So, we still have the opportunity to tap into some of them (the industries) to relocate somewhere (here),” he said.

Earlier during the Selangor Investment Seminar, Selangor state government senior executive councillor for investment, industry and commerce, and small and medium enterprise and transportation Datuk Teng Chang Khim told participants at the seminar that the state economy has been growing at a faster pace than the national average for many years, growing 6.8% in 2018, the highest among all the states.

“With that rate, we managed to contribute 23.7% to Malaysia’s GDP in the same year. This is a remarkable achievement, increasing from 22.7% in 2016 and 23% in 2017.

“Recent figures also showed that Selangor has attracted about RM6 billion in the first half of 2019 and is still on track to achieve a double-digit result by the end of the year, which we humbly and conservatively forecast to be at RM10 billion,” he said.