-- The new collaboration will help create a sustainable tooling ecosystem that will meet the aerospace standard

LE BOURGET, France, June 15, 2015 /PRNewswire/ -- MARA's (Majlis Amanah Rakyat) plans to establish a sustainable tooling ecosystem in Malaysia is now supported after signing a development agreement with AMIC (Aerospace Malaysia Innovation Centre) and Airbus (Airbus SAS) at the Paris Airshow in Le Bourget.

MARA is a key Malaysian government agency for human capital and entrepreneurship, via its subsidiary, MARA Aerospace and Technologies Sdn Bhd (M-AeroTech). M-Aerotech implements MARA's plans for the aerospace industry and at the same time oversees the revenue generation of Asia Aerospace City (AAC), the aerospace business hub that is currently being developed in Malaysia.

This project will support the competitiveness of local aerospace companies and at the same time will undertake training of talents in composite repair and composite enhancement. In this tripartite agreement, AMIC which is a centre that acts to improve the commercial success of aerospace research and development projects undertaken in Malaysia will support MARA in identifying the companies who has the capabilities to cater to the needs of the OEMs. These companies will then receive the needed support from both MARA and AMIC in terms of training, technical support and other forms of assistance to further grow and support the tooling supply chain.

MARA and Airbus on the other hand will collaborate together in order to improve the training competencies of staff at German-Malaysian Institute (GMI), which is one of MARA's institutional subsidiaries that currently houses talents in aircraft manufacturing and assembling. Airbus, the renown aircraft producer and manufacturer is instrumental in the training of these staff as they offer exposure to the international standards that are required in the supply chain based on their expertise and capabilities in the industry.

According to Datuk Ibrahim bin Ahmad, Director General of MARA, "This will be another big step for MARA as the prime mover for the local aerospace industry to deliver aerospace excellence by creating and building a tooling supply chain that meets the OEMs standards. We have worked with AMIC and Airbus in various other projects and we know this will be another strategic partnership that will spur industry growth not only for Malaysia, but also for the region."

AMIC Chief Executive Officer, Shamsul Kamar Abu Samah, said "We see so much potential amongst the local companies here in Malaysia and this project will help them to grow to become globally competitive."

FOR MORE INFORMATION, PLEASE CONTACT:
Name: Rumaizon Abdul Malik
Tel: +60192260252

SOURCE Majlis Amanah Rakyat