The Malaysian Space Industry Corporation (MASIC) has been established with the goal of positioning Malaysia as a competitive worldwide hub and contributing to the country’s economic development through the space industry.
Datuk Kamarul Redzuan, president of the MASIC Protem Committee said MASIC’s vision is to establish a dynamic space industry ecosystem that promotes Malaysian space capabilities while also attracting investment, talent, and partnerships from around the world.
This aligns with Malaysia Space Exploration Action Plan 2030 (MSE2030) and the Space Industry Strategic Plan (SISP).
Kamarul said that MASIC will play a critical role in achieving the goals outlined in the MSE2030 and SISP, such as attracting investments, promoting innovation, and positioning Malaysia as a prominent player in the global space industry, to achieve the government’s goal of a one per cent or RM10 billion contribution to the national gross domestic product from the space sector by 2030.
He believes that this initiative would spur scientific developments and economic progress, as well as excite the next generation of space enthusiasts and experts.
“We are thrilled to announce the soft launch of MASIC, a pioneering initiative that seeks to establish Malaysia as a prominent player in the global space industry. Despite being in the early stages, MASIC is already working towards fostering collaborations and building a strong foundation for Malaysia’s space industry,” he said in a statement.
Datuk Seri Anwar Ibrahim, Prime Minister of Malaysia, launched MASIC today at the Langkawi International Maritime and Aerospace Exhibition (LIMA) 2023.
Kamarul said the introduction of MASIC at LIMA 2023 demonstrates the government’s unwavering commitment to the expansion and development of the space industry.
He believes that this programme will motivate future Malaysian generations to pursue employment and opportunities in the space industry, so contributing to the country’s socioeconomic prosperity.
MASIC’s principal objectives are to improve Malaysia’s space sector by assisting its members, lobbying for growth and favourable policies, and encouraging collaboration, he said.
Datuk Dr. Mohd Yusoff Sulaiman, president and chief executive officer of the Malaysian Industry-Government Group for High Technology (MIGHT), emphasised the importance of MASIC uniting local space industry players under a single platform, working collaboratively to develop the Malaysia Space programme.
“By doing so, we will be able to promote the development of the industry by representing members’ interests and promoting their core competencies and expertise. We are looking at co-
creating more initiatives and projects in space and on the ground with an emphasis on empowering localisation and accelerating business opportunities and job creation, and eventually helping to develop other industries as well,” he said.