innovation

imported 2024-03-17 17:43:07

Increased military spending to boost manufacturing and knowledge sectors creating advanced jobs and further diversifying Saudi economy

The top three largest defense spenders in the world are the US, Russia, and China. According to 2014 figures compiled by the Stockholm International Peace Research Institute, Saudi Arabia comes in as a close fourth, having spent an estimated $80.8 billion dollars up by 17% from 2013.

Leading aerospace hub in Asia – Asia Aerospace City

Asia Aerospace City (hereinafter referred to as “AAC”) is an aerospace hub that serves to combine the capabilities, assets and aerospace players worldwide with the opportunity for growth in Asia, with Subang Nexus serving as the foundations of its physical infrastructure.

Malaysia to play major role in international aerospace industry with Asia Aerospace City (AAC)

Asia Aerospace City (AAC) is a bold, strategic initiative to catapult Malaysia into a major role in the international aerospace industry, which is expected to grow to over USD$1 trillion by 2020.

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