Malaysia expects LIMA 2023 to generate approximately 4 billion USD in business pledges

The 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 (3.96 billion USD).

Monday, May 22, 2023 16:55

Malaysia expects LIMA 2023 to generate approximately 4 billion USD in business pledges ảnh 1

Defence Minister Mohamad Hasan visits one of the exhibits during the Langkawi International Maritime and Aerospace exhibition (Photo: nst.com.my)

Kuala Lumpur (VNA) - The Langkawi International Maritime and AerospaceExhibition (LIMA) 2023 which will take place from May 23-27 is expected to beable to generate business pledges worth up to 18 billion RM (3.96 billion USD).

Of that sum, 10 billion RM would involve Letters of Agreement (LoA) between theMinistry of Defence and defence-related companies, Malaysian Defence Minister MohamadHasan said at a press conference after inspecting the LIMA'23 maritime segmentexhibition site at Resort World Langkawi on May 22.

According to Mohamad, the participation of LIMA'23 is veryencouraging and provides an opportunity for local and foreign companies fromvarious countries to showcase technology and weapons as well as assets.

It includes participation from five countries known for airshows namely Russia, Thailand, Indonesia, the Republic of Korea and the UnitedArab Emirates (UAE).

There are 119 static and aerobatic airplanes and 40 seavessels including one from Vietnam that will be exhibited for public viewing.

After it was last held four years ago, LIMA 2023 returned tosteal the spotlight with the 16th edition involving approximately 1,200 localand foreign companies at the exhibition, thus making this event the largestever held./.

VNA

#Langkawi International Maritime and Aerospace Exhibition #LIMA 2023 #business pledges #18 billion RM #Vietnam #Vietnamplus #Vietnam News Agency Malaysia

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