Pahang to develop Aerospace City in Gebeng - MB - MIDA | Malaysian Investment Development Authority
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Pahang to develop Aerospace City in Gebeng – MB

Pahang to develop Aerospace City in Gebeng – MB

01 Jul 2021

Pahang plans to develop an Aerospace City in a 5,042-hectare area in Gebeng here beginning next year and it is expected to be ready in 2026.

Pahang Menteri Besar Datuk Seri Wan Rosdy Wan Ismail said the high-impact project would also involve the transfer of the existing airport to a new area and subsequently support the 3rd National Physical Plan as a national integrated transit development (air, land and sea) in the area.

He said that once completed, the project would also have an international airport and world-class aircraft maintenance, repair and overhaul (MRO) services.

According to him, the market value of the MRO sector in the Asia Pacific region for the next 20 years is estimated to be RM15 trillion and, with the opening of the City, Pahang is expected to reap one per cent or RM150 billion for 20 years or RM7.5 billion annually.

“The project will be implemented as a Private Finance Initiative (PFI) together with State government-linked company Pahang Corporation Sdn Bhd (PahangCorp),” he said.

He said this in a media statement after witnessing the signing of the Memorandum of Understanding between the Pahang State Secretariat, represented by state secretary Datuk Seri Dr Sallehuddin Ishak and PahangCorp chief executive officer Mohd Khusaini Harumaini.

In addition, Wan Rosdy said the Aerospace City would provide industrial sites for aviation-related industries that could attract the interest of major companies in the manufacturing of aircraft and aircraft components.

The construction of the City also took into consideration other economic hub factors as it is located near the Gebeng industrial area, Kuantan port and the East Coast Rail Link in addition to serving as the main entryway to East Coast States.

It will also create 50,000 jobs in the aerospace and non-aerospace sectors, he added.

“I hope the plan to create the Pahang Aerospace City will make the State the main choice for investors looking to invest in the country based on the services provided and the strategic geo-economic factors in the East Coast,” he said.

Source: Bernama