Angkasa-X, CangYu Space Technology, and ADASpace formalised a strategic partnership to accelerate the growth of the ASEAN space industry, focusing on satellite R&D, integration, and ground infrastructure development. Hosted at MIGHT’s facility, the event served as a catalyst for fostering collaboration and new partnerships within the regional space sector. Key highlights included CangYu’s commitment of a US$100 million investment over five years, upcoming satellite launches under Angkasa-X’s A-SEANSAT and A-SEANLINK constellations, and the establishment of ground stations and AI- powered data centers across ASEAN. The Penang Space Technology Park was also highlighted as a long-term hub for investment, while MDEC’s Digital Acceleration Grant will play a pivotal role in nurturing SpaceTech talent. This partnership marks a significant step toward positioning Malaysia as a leading force in the regional space ecosystem. Strategic Agreement Signing Ceremony between ANGKASA-X Group with ADASpace & CangYu Space Technology MIGHT Partnership Hub, Cyberjaya 2 July 2024
Chaired by MIGHT’s President and CEO, Ts Rushdi Abdul Rahim, the meeting focused on advancing key initiatives to propel Malaysia’s space industry. The main topics discussed were the Space Industry Flagship Programme, the ambitious Space City Project-envisioned as a central hub for space technology, research, and business incubation and the ongoing MASIC initiatives. Additionally, the meeting included recommendations to Mesyuarat Jawantankuasa Angkasa Kebangsaan (JANGKA) to formalise strategic programmes to support industry growth. The discussions underscored the critical role of collaboration, technology transfer, and sustained funding in strengthening Malaysia’s. MIGHT Partnership Hub, Cyberjaya 20 June 2024 Technical Committee Meeting - Space Industry and Economy Development
Annual Report 2024 44
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