Malaysia: high income economy by 2020
Zulfikri Osman, COO of Asia Aerospace City talks about how Malaysia is being transformed into a high income economy by 2020.
Zulfikri Osman, COO of Asia Aerospace City talks about how Malaysia is being transformed into a high income economy by 2020.
It is the only aerospace hub strengthened by full government support – AAC is proposed as one of the Entry Point Projects (EPP) under the Economic Transformation Program (ETP) of the Malaysian Government. ETP envisions transforming Malaysia into a high-income economy by year 2020. Furthermore, AAC has many thought leaders and high-value talents; its geopolitical advantage; world-class infrastructure; holistic consultation for business development and growth in the region.
He said, “By 2020, AAC will add USD 0.5 billion to the country’s GNI. If you look at the infrastructure, we will be investing around USD 0.5 billion. From this investment we believe that we can contribute an additional USD 0.3 billion in terms of direct investment. The most important mission of this project is to generate around 5,000 high value job opportunities in engineering and in high value service sectors.”
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