KUALA LUMPUR — Malaysia is positioning itself as a regional hub for private satellite launches, with plans to establish its first launchpad by 2029. Science, Technology and Innovation Minister Chang Lih Kang said the initiative will be primarily driven by private investors, while the government serves as regulator.
Chang highlighted Malaysia’s equatorial location, which offers significant cost-saving advantages by reducing rocket fuel requirements compared to sites farther from the equator. He added that the nation’s robust talent pool in electrical and electronics (E&E) and semiconductors, along with low disaster risks, strengthens its appeal.
Two companies and state governments have already expressed interest, with feasibility studies underway to determine the best site based on weather and wind conditions. The Malaysian Space Agency estimates the project could contribute over RM10 billion to GDP, reinforcing Malaysia’s role in Southeast Asia’s space industry.
Read More News on Latest Malaysia
Read More News on Business News Malaysia
Read More News on SG Business News
Read More News on World Future TV
Climate UX launched Green Together to help companies engage employees, strengthen ESG goals and deliver…
Alibaba Cloud’s KaryaWAN challenge aims to boost Malaysia’s AI innovation ecosystem through talent development, creativity…
Malaysia's job market faces a "talent paradox," with employers struggling to find suitable candidates despite…
Young Malaysians are embracing cold coffee culture, prompting NESCAFÉ to launch Espresso Concentrate for convenience…
The only Malaysian company within the Health Care Equipment & Supplies sector to be included,…
Regional foreign funds turned cautious despite April inflows, while higher oil prices and currency movements…
This website uses cookies.