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In a major step forward for regional aerospace collaboration and cross-border economic integration, Pahang Aerospace City Development Berhad (PACDB), Baiyuzen Holding Sdn Bhd, and the Indonesia-ÿ�մ���-Thailand Growth Triangle (IMT-GT) today formalised a landmark Memorandum of Understanding (MoU) at the prestigious Dubai Airshow 2025.

The ceremony, held at the ÿ�մ���n Pavilion, was attended by senior government officials, international investors, industry leaders and dignitaries. The signing was officially witnessed by the ÿ�մ���n Ambassador to the United Arab Emirates, H.E. Tengku Dato’ Sirajuzzaman Tengku Mohamed Ariffin, underscoring ÿ�մ���’s strong diplomatic presence and commitment to strengthening global aerospace partnerships.

Advancing High-Impact Regional Aerospace Development

The MoU sets out a comprehensive framework for collaboration focusing on major regional development pillars:

Accelerating Development of Pahang Aerospace City (PAC)

PACDB will lead the transformation of Pahang Aerospace City into a next-generation aerospace and aviation hub featuring:

– Aircraft Maintenance, Repair & Overhaul (MRO)

– Aerostructure and advanced manufacturing industries

– Space and satellite technology integration

– Aviation training and talent development

– Green, sustainable airport and mobility ecosystems

Strengthening IMT-GT Cross-Border Connectivity

This collaboration aligns PAC’s strategic direction with IMT-GT’s regional agenda, supporting:

– Enhanced aerospace supply-chain connectivity

– Catalysing infrastructure financing

– Technology transfer and innovation ecosystems

– Integration of halal and green industry standards across IMT-GT member regions

Baiyuzen Holding’s Role in Strategic Investment Mobilisation

As a recognised member of the IMT-GT Joint Business Council (JBC), Baiyuzen Holding will lead:

– Multi-currency capital mobilisation

– Private sector investment participation

– International partnership facilitation

– Corporate finance structuring including sukuk, MTN and project-based financing frameworks

Leadership Perspective

Quote from Tok Muda Mukriz, Chairman of Baiyuzen Holding Sdn Bhd:

“Baiyuzen Holding is proud to lead the strategic investment framework for this transformative initiative. With PACDB and IMT-GT, we are building a long-term foundation for a world-class aerospace hub that will unlock new economic value, attract global investors, and position ÿ�մ��� as a key player in the regional and international aviation landscape.”

Strengthening ÿ�մ���’s Position in the Global Aerospace Ecosystem

This collaboration reinforces ÿ�մ���’s commitment to future-ready aerospace development, strengthens the IMT-GT region’s competitiveness, and positions PAC as a strategic hub for international investment, technology partnerships and long-term industrial growth.