PROJECT STORY
The challenge
Selangor expects to expand one of its aerospace parks to attract more industry players to work with the state in one of the fast-growing sectors around the globe.
Malaysia Aerospace Park
Malaysia Aerospace Park
The solution
Working with one of the largest real estate developers in Malaysia, Arcadis provided consultancy services to establish an aerospace and hard metal manufacturing park in Serendah.
The impact
Bringing Malaysia to the forefront of the industrial-aviation field.
800 acre
Plot of Land
The challenge
An area of 2,000 acres (81ha) has been identified and will be announced when all requirements are finalised. It will complement the existing aerospace industrial areas which are being developed. Currently, Selangor is already a house for aerospace-related firms, with 62% of the total 230 companies mainly located in Sepang, Subang and Serendah, also known as the “3S” areas.
The solution
Initially providing consultancy services, Arcadis was asked to develop the primary scope of works, which included: Prepare financial modelling of the park developer, park manager and investor models. This includes a revenue model, incentives, cash flow statement, income statement and a cost benefit analysis.
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Conduct an integrated socio-economic analysis of all park and investor financial models and projections. This includes output, input, net output, GDP, GNI, Economic Internal rate of Return (EIRR) and multiplier. Provide business strategy support to the park developers by providing insights on business and implementation strategies such as a business model, investor identification and institutional development.
Selangor will be more attractive than its regional competitors and has more to offer to the aerospace industry players
The impact
As you would expect, the aerospace park will provide high-tech and smart industries facilities towards Malaysia. More than that, the development will manufacture and supply Trent 1,000 and 7,000 aero engine fan cases to the facility in Seletar Aerospace Park, Singapore. In the efforts to make Selangor the leading investment location for the aerospace industry development by 2030.
