Malaysia allows private sector to lead satellite launch pad project
Previously, the Malaysian Space Agency (MYSA) said that the country aims to become the first Southeast Asian nation with its own rocket launch pad by 2029.
Malaysia has entrusted the private sector with the development of its first satellite launch pad, while the government will primarily act as regulator, Minister of Science, Technology and Innovation Chang Lih Kang has said.
Speaking after a dialogue session with the Concorde Club in Kuala Lumpur, Chang highlighted the country's strategic advantages, notably its geographical proximity to the equator, explaining that it enables more efficient launches by significantly reducing the amount of rocket fuel required compared to more distant locations.
He also emphasised Malaysia’s strengths in the electrical and electronics (E&E) and semiconductor sectors, as well as its relative safety from natural disasters, all of which enhance its appeal as a launch hub.
According to Chang, two foreign companies and a state government have expressed interest in the project and have submitted feasibility studies.
Previously, the Malaysian Space Agency (MYSA) said that the country aims to become the first Southeast Asian nation with its own rocket launch pad by 2029.
The project, aligned with Malaysia’s National Space Policy 2030, could generate more than 10 billion MYR in GDP if the country estabilishes itself as regional leader in the growing space industry.
The project will be carried out under a public–private partnership (PPP) model, with costs shared between the government and private investors.
Beyond attracting investment, the development is expected to bring significant economic benefits to local communities via new infrastructure, energy projects, and employment opportunities./.
