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MY Malaysia  Asia eastern

Malaysia looks to attract Investment in Drone Industry

2019-12-02 - Taiwan Trade
The measure is consistent with the Malaysian government's stated goal of establishing Malaysia as an Asian drone center.

Chairman Pan said that the Johor government will discuss with the Malaysian Digital Economic Agency (MDEC) how to promote the development of the industry will reach RM532.7 billion (about US $ 127.8 billion). For a long time, Johor has been regarded as one of Malaysia's most important investment destinations, especially in the petrochemical industry.

Over the past five years, Johor's approved manufacturing investment has accounted for 35% of Malaysia's cumulative total investment. In the current era of technology and smart manufacturing, the Johor government needs to work to attract more new economic sectors, such as investment from digital entrepreneurs and various service industries. In addition to the drone industry, Johor will also focus on the development of halal and blockchain industries. The halal industry has expanded from food to cosmetics, pharmaceuticals, consumer goods and logistics. Blockchain is currently one of the hottest topics in Asia.

"The above information is provided by the Economic Team of the Representative Office in Malaysia"

Remarks: The foreign units of the Ministry of Economic Affairs can immediately grasp the business conditions for the industry and extensively collect relevant information for the industry's reference. The International Trade Bureau cannot verify that all information is complete and correct. Readers should use their own information to confirm the correctness of the information.