ID :
162786
Mon, 02/21/2011 - 13:44
Auther :
Shortlink :
https://oananews.org//node/162786
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DEFENCE INDUSTRY INVESTORS URGED TO PICK MALAYSIA
By Muin Abdul Majid
ABU DHABI, Feb 21 (Bernama) -- Defence and security industry players should consider Malaysia as their base for regional activities, said Defence Minister Dr Ahmad Zahid Hamidi.
Addressing the Malaysia Defence Investment Dinner here Sunday night, he said the country should be on the radar of potential investors seeking to establish strategic alliances whether in manufacturing, co-manufacturing, outsourcing or research and development.
The minister stressed the government's commitment towards enhancing the local defence industry as evidenced in the soon-to-be established Malaysia Defence and Security Technology Park (MDSTP) in Sungkai, in Malaysia's northern state of Perak.
"The first of its kind in Southeast Asia, the park aims to provide
investors with the means to capture tremendous opportunities and potential of the global defence industry and, at the same time, boosting their presence in the worldwide market," said Ahmad Zahid who hosted the dinner.
Among those present were British Minister for International Security Strategy Gerald Howarth as well as potential investors and representatives from leading defence and security companies.
Jointly organised by DSA Exhibition and Conference Sdn Bhd and Masterplan Consulting Sdn Bhd, the dinner was held in conjunction with Malaysia's participation at the five-day International Defence Exhibition and Conference (IDEX) 2011 which opened here Sunday.
Masterplan Consulting is the developer of MDSTP.
Ahmad Zahid shared with his audience that the Malaysian government
continued to be committed to modernising and strengthening the Malaysian Armed Forces and the capabilities of other security agencies.
He said Malaysia's defence capabilities were put to the test recently but came through with flying colours in the rescue of 23 crew members of an oil tanker by Somali pirates on Jan 20, 2011, in an operation involving Malaysian commandos.
"This goes to prove that today's defence capability must take into
consideration traditional and non-traditional factors, and procurement
activities must address these challenges," said the minister.
Ahmad Zahid also invited defence and security players to take part in the Langkawi International Maritime and Aerospace (LIMA) 2011 exhibition from Dec 6-10 and Defence Services Asia (DSA) 2012 Exhibition and Conference taking place in Kuala Lumpur on April 16-19, 2012.
Earlier Sunday, he witnessed the signing of contracts for exhibitors who had confirmed their participation at DSA 2012.
Nine defence and security-related Malaysian entities are taking part in IDEX 2011 at the Abu Dhabi National Exhibition Centre, under the patronage of United Arab Emirates' President Sheikh Khalifa Zayed Al Nahyan.
They are Airod Sdn Bhd, Airod Techno Power Sdn Bhd, Aerospace Technology Systems Corp Sdn Bhd, SME Ordnance Sdn Bhd, SME Aerospace Sdn Bhd, DSA Exhibition and Conference Sdn Bhd, Weststar LDV Sdn Bhd and MDSTP.
They are joined at the show by the Malaysian Industry Council for Defence, Enforcement and Security.
ABU DHABI, Feb 21 (Bernama) -- Defence and security industry players should consider Malaysia as their base for regional activities, said Defence Minister Dr Ahmad Zahid Hamidi.
Addressing the Malaysia Defence Investment Dinner here Sunday night, he said the country should be on the radar of potential investors seeking to establish strategic alliances whether in manufacturing, co-manufacturing, outsourcing or research and development.
The minister stressed the government's commitment towards enhancing the local defence industry as evidenced in the soon-to-be established Malaysia Defence and Security Technology Park (MDSTP) in Sungkai, in Malaysia's northern state of Perak.
"The first of its kind in Southeast Asia, the park aims to provide
investors with the means to capture tremendous opportunities and potential of the global defence industry and, at the same time, boosting their presence in the worldwide market," said Ahmad Zahid who hosted the dinner.
Among those present were British Minister for International Security Strategy Gerald Howarth as well as potential investors and representatives from leading defence and security companies.
Jointly organised by DSA Exhibition and Conference Sdn Bhd and Masterplan Consulting Sdn Bhd, the dinner was held in conjunction with Malaysia's participation at the five-day International Defence Exhibition and Conference (IDEX) 2011 which opened here Sunday.
Masterplan Consulting is the developer of MDSTP.
Ahmad Zahid shared with his audience that the Malaysian government
continued to be committed to modernising and strengthening the Malaysian Armed Forces and the capabilities of other security agencies.
He said Malaysia's defence capabilities were put to the test recently but came through with flying colours in the rescue of 23 crew members of an oil tanker by Somali pirates on Jan 20, 2011, in an operation involving Malaysian commandos.
"This goes to prove that today's defence capability must take into
consideration traditional and non-traditional factors, and procurement
activities must address these challenges," said the minister.
Ahmad Zahid also invited defence and security players to take part in the Langkawi International Maritime and Aerospace (LIMA) 2011 exhibition from Dec 6-10 and Defence Services Asia (DSA) 2012 Exhibition and Conference taking place in Kuala Lumpur on April 16-19, 2012.
Earlier Sunday, he witnessed the signing of contracts for exhibitors who had confirmed their participation at DSA 2012.
Nine defence and security-related Malaysian entities are taking part in IDEX 2011 at the Abu Dhabi National Exhibition Centre, under the patronage of United Arab Emirates' President Sheikh Khalifa Zayed Al Nahyan.
They are Airod Sdn Bhd, Airod Techno Power Sdn Bhd, Aerospace Technology Systems Corp Sdn Bhd, SME Ordnance Sdn Bhd, SME Aerospace Sdn Bhd, DSA Exhibition and Conference Sdn Bhd, Weststar LDV Sdn Bhd and MDSTP.
They are joined at the show by the Malaysian Industry Council for Defence, Enforcement and Security.
