What Happened
Government Sets Ambitious Growth Targets For Aerospace Industry
The Malaysian government has set a target for the country’s MRO industry to reach $14 billion in revenue by 2030, with plans to capture 20%-25% of the Asia-Pacific market growth. To support this growth, the government is developing new infrastructure at Kuala Lumpur International Airport, including the Selangor Aero Park, which will provide a scalable environment for MRO operators and Tier 1 suppliers. The government also aims to create 30,000 high-skill jobs in the MRO sector by 2030. This development was reported by Aviation Week.