Malaysia welcomes the Boeing-NAICO Aerospace Supply Chain Forum today (October 10), a groundbreaking event officiated by Tengku Datuk Seri Zafrul Tengku Abdul Aziz, marking a significant milestone in the partnership between The Boeing Company and the National Aerospace Industry Corporation Malaysia (NAICO).
The Boeing-NAICO Aerospace Supply Chain Forum stands as a testament to a
remarkable collaboration, one that fuses the expertise of Boeing, a name synonymous
with cutting-edge aerospace technology, with the forward-looking aspirations of
Malaysia’s aerospace industry.
“The Malaysian Aerospace Industry Blueprint 2030 aims to position Malaysia as the aerospace hub in Southeast Asia, as well as an integral part of the global aerospace supply chain by 2030. The Blueprint outlines 41 key initiatives that are expected to generate an annual revenue of RM55.2 billion and create 32,000 high income jobs by 2030. The Blueprint encompasses five key subsectors namely MRO, aero manufacturing, system integration, engineering & design services, as well as education & training,” said Tengku Zafrul.
This partnership represents a commitment to
innovation, growth, and progress within the aerospace sector, directly aligning with the
four key missions outlined in the New Industrial Master Plan 2030 (NIMP 2030):
- Advancing Economic Complexity: By leveraging Boeing’s extensive supply chain and expertise, this collaboration aims to propel Malaysia’s aerospace industry into higher value-added activities, contributing to economic complexity and bolstering the manufacturing export sector.
- Embracing Technology for a Digitally Vibrant Nation: Through this partnership, Malaysia is accelerating its technology adoption and fostering innovation, in line with the mission to create a digitally vibrant nation and stimulate the government’s digitalisation drive.
- Striving for Net Zero Emissions: Both organisations are committed to sustainable practices, focusing on renewable energy, electric vehicles, and a circular economy within the aerospace industry, echoing the mission to achieve net zero emissions and sustainable development.
- Ensuring Economic Security and Inclusivity: By fostering collaborations and integrating within global value chains, this initiative enhances Malaysia’s economic security and inclusivity, as emphasised in NIMP 2030, by fortifying local supply chains and industrial clusters, contributing to greater domestic investments.
Boeing’s decision to choose Malaysia as the venue for this Supply Chain Forum underscores the strategic importance of Malaysia within the global aerospace
landscape.
It highlights the growing confidence in Malaysia’s capabilities and the
shared commitment of both Boeing and the Malaysian Aerospace Industry, led by
NAICO, to forge new partnerships and explore new horizons together.
With NIMP 2030 in place, Malaysia is poised to become a global hub for aerospace manufacturing and services.
This forum covers a wide range of topics, including Boeing’s Supply Chain Footprint in Malaysia, Strategy Overview, Incentives for Supplier Investment, Supply Chain Technology, and Research and Development.
The goal is to align these discussions with the missions outlined in NIMP 2030, guiding the aerospace industry toward a more promising and prosperous future.
