MALAYSIA is reviewing several international treaties related to the space sector to further enhance the national space industry, said Deputy Prime Minister Fadillah Yusof. 

He said the country wants to pursue regional collaboration to capitalise on various socio-economic opportunities, in addition to cost competitiveness in accessing space.

“For instance, space manufacturing services for materials research and development, pharmaceuticals and biotechnology, fibre optics, and semiconductors can leverage on the unique conditions and capabilities of space tech to improve manufacturing processes, develop novel materials and advance technological capabilities.

“I warmly welcome countries in the region to join hands and contribute according to their respective strengths and expertise, with the aim of establishing Southeast Asia as an advanced space region, comparable to the more developed space sectors in Europe, Japan, and the United States.”

Fadillah was speaking at the launch of the Malaysia Space Industry Strategic Plan 2030 (SISP) at the Langkawi International Maritime and Aerospace Exhibition today.

He said the SISP will guide the development of the space industry while fostering viability and competitiveness in line with the National Space Policy.

“This comprehensive plan will assist the Malaysian space industry in identifying priority areas, research and development, commercialisation, and innovation activities in creating a sustainable space industry ecosystem that encompasses the entire value chain.

“Malaysia’s national space industry is experiencing rapid growth. With over 60 space-related companies generating a total revenue of RM1.36 billion in 2021, the sector has witnessed remarkable advancements and possesses significant potential to contribute further to the strategic space ecosystem of the country,” he said.

He said Malaysia firmly supports the United Nations Sustainable Development Goals and the Space2030 agenda, which encourages harnessing space technology to achieve the goals while overcoming societal challenges and enhancing human development and well-being.

“Malaysia upholds the principle that outer space, encompassing the moon and other celestial bodies, is a common heritage of humanity. Malaysia advocates for the peaceful utilisation of outer space for the benefit of all countries, irrespective of their levels of economic or scientific development,” he said. – Bernama, May 24, 2023.