Futurise Sdn Bhd, a company under the Ministry of Finance in Malaysia, and the Malaysian Sports Aviation Federation (MSAF) have on Friday forged an alliance to advance and elevate the burgeoning field of drone sports in Malaysia.
Futurise said in a statement that the duo have signed a memorandum of understanding (MOU) for the partnership, and the strategic partnership aims to develop guidelines and manuals, as well as pioneering dedicated testbeds to ensure the highest standards of safety and performance.
The partnership also aims to cultivate a cutting-edge ecosystem for drone sports by combining Futurise’s regulatory expertise with MSAF’s leadership in sports aviation.
Together, they are poised to propel Malaysia to the forefront of this dynamic and innovative field, said the statement.
Under the terms of the MOU, Futurise will spearhead the creation of new ecosystems and leverage its extensive expertise to develop comprehensive regulatory frameworks for drone sports.
Concurrently MSAF will collaborate closely with the Civil Aviation Authority of Malaysia to craft robust regulatory frameworks, guidelines, and manuals specific to drone sports.
This collaboration is poised to not only enhance the regulatory landscape but also to position Malaysia as a global leader in drone sports technology and innovation, said the statement.
The collaboration also encompasses a broad range of initiatives aimed at fostering partner interactions, exploring new collaborations, and developing sustainable business models.
According to the statement, this MOU represents a milestone in advancing drone sports in Malaysia, perfectly aligning with the nation’s goal of becoming a global leader in emerging technologies and sports innovation.
It is noted that Malaysia’s drone industry is on the cusp of remarkable growth projected to reach MYR 12.13 billion ($2.59 billion), capturing 4.3 percent of the global market share by year-end.
With an impressive compound annual growth rate (CAGR) of 21.44 percent, the industry could be valued at $7.27 billion by 2029.
This rapid expansion underscores the vast potential of drone technology across multiple sectors, including sports, and reflects Malaysia’s unwavering commitment to advancing high-tech industries, said the statement.
“I am thrilled to be part of this partnership between the Malaysian Sports Aviation Federation (MSAF) and Futurise Sdn. Bhd,
“This collaboration marks a significant step forward in our mission to propel Malaysia to the forefront of drone sports and technology,” said Nurhaqimy Ismail, President of Malaysian Sports Aviation Federation (MSAF).
“By combining MSAF’s regulatory expertise and Futurise’s pioneering spirit in creating robust ecosystems, we are poised to set new standards in this exciting field,
“I look forward to the innovative programs and collaborations that will emerge from this partnership, setting the stage for Malaysia to become a leader in drone sports and an incubator for groundbreaking technological achievements,” he added.
Rosihan Zain, Chief Executive Officer of Futurise, highlighted the transformative impact of drone technology across diverse sectors such as agriculture and defense.
“Drone technology holds immense potential as a game-changer in industry transformation,
“Through AKSADRON, we are dedicated to equipping Malaysian talents with advanced UAV expertise through comprehensive training programs,” he added.
According to the statement, this partnership not only aims to elevate Malaysia’s presence in the global drone sports arena but also to nurture a dynamic and innovative ecosystem that benefits the broader economy and society.
With the combined expertise of Futurise and MSAF, it noted this collaboration is poised to set new benchmarks in the realm of drone sports and technology.
Futurise is a wholly-owned subsidiary of Cyberview Sdn Bhd under the Ministry of Finance.
It is mandated by the government of Malaysia to manage the National Regulatory Sandbox, providing public policy advisory and acting as a key enabler of regulatory solutions to expedite innovation and future-proof Malaysia’s economy.
The MSAF is the governing body for all sports aviation activities in Malaysia.
The organization is dedicated to promoting and developing various aviation sports, including drone sports, paragliding, and paramotoring, ensuring safety and regulatory compliance within the industry.