May 23, 2023 | 20:55 (GMT+7)
Malaysia expects LIMA 2023 to generate approximately USD 4 billion in business pledges
PANO - Langkawi International Maritime and Aerospace Exhibition (LIMA) 2023 which will take place from May 23-27 is expected to be able to generate business pledges worth up to 18 billion RM (USD 3.96 billion), said Malaysian Defense Minister Mohamad Hasan on May 25.
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Malaysian Defense Minister Mohamad Hasan speaking at the press meeting (Photo: bernama.com) |
Speaking at a press conference after inspecting the LIMA 2023 maritime segment exhibition site at Resort World Langkawi on May 22, Minister Mohamad Hasan said that 10 billion RM would involve Letters of Agreement (LoA) between the Ministry of Defense and defense-related companies.
According to Mohamad Hasan, the participation of LIMA 2023 is very encouraging and provides an opportunity for local and foreign companies from various countries to showcase technology and weapons as well as assets.
It includes participation from five countries known for air shows namely Russia, Thailand, Indonesia, the Republic of Korea, and the United Arab Emirates (UAE).
There are 119 static and aerobatic airplanes and 40 sea vessels including one from Vietnam that will be exhibited for public viewing.
After it was last held four years ago, LIMA 2023 will return to steal the spotlight with the 16th edition involving approximately 1,200 local and foreign companies at the exhibition, thus making this event to be the largest ever held.
Translated by Chung Anh