BROADCAST COPY - GOVT WELCOMES STRATEGIC BUSINESS PARTNERSHIPS
Malaysia welcomes business delegations at the Langkawi International Maritime and Aerospace exhibition 2019 (Lima 2019) to explore opportunities to collaborate with Malaysian companies.
Prime Minister, Tun Dr Mahathir Mohamad said that the government would continue to facilitate investment projects and business partnerships as well as provide platforms for the aerospace and maritime industries. He mentioned that the Defence Ministry was in the midst of preparing its first Defence White Paper aimed at informing the public of its priorities and future plans to bolster defence and security of the country.
The white paper, reflects the government's commitment to a more regular cycle of defence policy and continued encouragement of local defence firms to collaborate strategically and manufacture hardware locally. During the launching, Dr Mahathir said that The Defence White Paper is a significant contribution to the Malaysian defence landscape for several reasons.
He said the introduction of the Defence White Paper was indeed timely, adding that Lima re-emphasises the contribution of the defence industry to socio-economic development of the country.
Dr Mahathir said exependitures on both defence and commercial sectors in the aerospace and maritime industries were expected to increase based on rising demands for security, defence and commercial needs.
He said, in 2018, the defence expenditure in Southeast Asia was estimated to be more than US$35 billion (RM142.32 billion)., while the commercial sector, with the expansion of low cost carrier business, accelerated the activities for aerospace manufacturing, training, tourism and maintenance, repair and overhaul industries.
Dr Mahathir said total export of aircraft and associated equipment and parts last year was valued at RM8.48 billion, an increase of 20.7 per cent compared to the previous year.
Touching on the shipbuilding and ship repair (SBSR) industry in Malaysia, a subset of the maritime industry, Dr Mahathir said it was currently employing more than 15,000 people with an export value last year of RM1.29 billion, an increase of 20.3 per cent from 2017.
After his opening speech, Dr Mahathir and the other guests at Lima 2019 were treated to a show of force from several squadrons of Royal Malaysian Air Force aircraft, including the Sukhoi Su-30MKM Flanker, the F/A-18D Hornet, Hawks, A400M Atlas and the Nuri and EC725 helicopters.
He also witnessed the handing over of the first Flanker to undergo a life extension programme to the RMAF and was also recognised for his role in bringing industrial and economic benefits to Malaysia through his encouragement of international aerospace partnerships, receiving a memento from BAE Systems in conjunction with the 25th anniversary of the service of the company's Hawk aircraft in the RMAF. Dr Mahathir then toured several booths at MIEC, witnessing several contract signing ceremonies.
Malaysia welcomes business delegations at the Langkawi International Maritime and Aerospace exhibition 2019 (Lima 2019) to explore opportunities to collaborate with Malaysian companies.
Prime Minister, Tun Dr Mahathir Mohamad said that the government would continue to facilitate investment projects and business partnerships as well as provide platforms for the aerospace and maritime industries. He mentioned that the Defence Ministry was in the midst of preparing its first Defence White Paper aimed at informing the public of its priorities and future plans to bolster defence and security of the country.
The white paper, reflects the government's commitment to a more regular cycle of defence policy and continued encouragement of local defence firms to collaborate strategically and manufacture hardware locally. During the launching, Dr Mahathir said that The Defence White Paper is a significant contribution to the Malaysian defence landscape for several reasons.
He said the introduction of the Defence White Paper was indeed timely, adding that Lima re-emphasises the contribution of the defence industry to socio-economic development of the country.
Dr Mahathir said exependitures on both defence and commercial sectors in the aerospace and maritime industries were expected to increase based on rising demands for security, defence and commercial needs.
He said, in 2018, the defence expenditure in Southeast Asia was estimated to be more than US$35 billion (RM142.32 billion)., while the commercial sector, with the expansion of low cost carrier business, accelerated the activities for aerospace manufacturing, training, tourism and maintenance, repair and overhaul industries.
Dr Mahathir said total export of aircraft and associated equipment and parts last year was valued at RM8.48 billion, an increase of 20.7 per cent compared to the previous year.
Touching on the shipbuilding and ship repair (SBSR) industry in Malaysia, a subset of the maritime industry, Dr Mahathir said it was currently employing more than 15,000 people with an export value last year of RM1.29 billion, an increase of 20.3 per cent from 2017.
After his opening speech, Dr Mahathir and the other guests at Lima 2019 were treated to a show of force from several squadrons of Royal Malaysian Air Force aircraft, including the Sukhoi Su-30MKM Flanker, the F/A-18D Hornet, Hawks, A400M Atlas and the Nuri and EC725 helicopters.
He also witnessed the handing over of the first Flanker to undergo a life extension programme to the RMAF and was also recognised for his role in bringing industrial and economic benefits to Malaysia through his encouragement of international aerospace partnerships, receiving a memento from BAE Systems in conjunction with the 25th anniversary of the service of the company's Hawk aircraft in the RMAF. Dr Mahathir then toured several booths at MIEC, witnessing several contract signing ceremonies.
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