Malaysia Fast-Tracks Investment in its Shipbuilding Sector

Malaysia Fast-Tracks Investment in its Shipbuilding Sector

Malaysia is doubling down on shipbuilding with two key investment milestones achieved last week. At the forefront is Malaysia’s Pahang State, which is betting big on maritime development. Last week, Pahang signed a lease agreement with Teroka Majubina Holdings for the development of the Tanjung Agas Hybrid Shipyard Complex in Pekan, a small town on Peninsular Malaysia’s east coast. The $18 billion project will be implemented in three phases in a…