What's Happening?
Malaysia is set to become the first nation in South-East Asia with its own rocket launch pad by 2029. The Malaysian Space Agency (MYSA) has shortlisted three potential locations in Pahang, Sarawak, and Sabah. The project aligns with the National Space Policy 2030 and could contribute over RM10 billion to the country's GDP. Director-General Datuk Azlikamil Napiah highlighted Malaysia's geographical advantage along the Equator, which allows for more efficient rocket launches with reduced fuel costs. Interested foreign investors are required to collaborate with local companies and obtain state government approval for land matters.
Why It's Important?
The establishment of a rocket launch site positions Malaysia as a leader in the regional space industry, potentially attracting significant investment and technological development. This initiative could enhance Malaysia's capabilities in space exploration and satellite deployment, fostering innovation and economic growth. The project supports the National Space Policy 2030, aiming to boost Malaysia's presence in the global space sector. Successful implementation could lead to job creation and advancements in science and technology, benefiting various industries and educational institutions.
What's Next?
The feasibility study report submitted by interested parties will be evaluated within 90 days. Further collaboration with foreign investors and local companies is expected to advance the project. The Malaysian government will continue to work on securing necessary approvals and partnerships to ensure the project's success.
