South Korean Drone Maker Plans To Invest In Aerospace Valley Project

A South Korean company is planning to invest in Negeri Sembilan’s aerospace project for the assembly of light aircraft and unmanned aerial vehicles (UAV) through Negeri Sembilan’s Aerospace Valley (NSAV).

State investment, industrialisation, entrepreneurship, education, and human capital committee chairman Rafie Ab Malek said the matter was made known during recent discussions with international trade and industry minister Tengku Zafrul Aziz.

“We received the green light from the Turkish Aerospace Industries (TAI) for the assembly of helicopters in the Malaysia Vision Valley 2.0 area and are now in discussions with the company from South Korea to install light aircraft and drones,” he told reporters today after a welcoming ceremony for a delegation from China’s Guangxi Department of Commerce.

Rafie said 100 local engineers have been undergoing training in Ankara, Turkey in the last six months as preparation for aerospace-related operations.

He said a comprehensive development master plan has been drawn up to make NSAV an integrated aerospace hub and a leader in the aerospace industry.

He added a feasibility study has revealed that NSAV will be able to attract RM104 billion in investments and will create 32,000 jobs by 2039.

“There is a vast land area that has the potential to be developed as an aerospace hub.

“The total land area is approximately 6,475 hectares (16,000 acres) which is 10 times bigger than the Toulouse Aerospace Valley. NSAV is very well connected via the main airport and main seaport of the country,” he added.

Previous articleOil Prices Ease As Weak Economic Data Clouds Demand Prospects
Next articleDemand For Aluminium To Increase On The Back Of Rising EV And Solar Energy Production


Please enter your comment!
Please enter your name here