Malaysia Defence & Security 2020
As Malaysia's economy is forecast to experience stronger growth in the years ahead, we believe that defence spendingwill return to growth from 2020 through to 2029. This bodes well for procurement in the long term, in line with the long list ofrequirements for the modernisation and upgrade of the armed forces' assets. While the demand for military equipment willtherefore remain strong, funding available for procurement will remain limited in the near term, amid ongoing fiscal constraints.Most procurements will benefit international companies, as the local industry requires greater funding for R&D in order to increaseits technological capabilities, and this will be a gradual process.
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