Incorporated as a statutory body under the Malaysian Industrial Development Authority (MIDA) Act, the establishment of MIDA in 1967 was hailed by the World Bank as "the necessary impetus for purposeful, positive, and coordinated promotional action" for Malaysia's industrial development.
SEPTEMBER 05: Students in northwestern Turkey on Sunday raced the electric vehicles they built to compete during the country's largest aerospace and technology event.
Saudi Aerospace Engineering Industries plans to build a $ 765.33 million aircraft maintenance and repair facility in Jeddah in joint venture with Turkish TAV, the Saudi company has said in statement. Saudi Aerospace Engineering said the 1 million square meter facility would do both civil and military.
Turkey shocked its NATO allies on Sept. 13, 2013, when it announced that it selected a Chinese company to build its first long-range air and anti-missile defense system. That deal, worth $3.44 billion if Turkey insists on opting for a Chinese solution, remains a mystery, but Turkey is looking at other.
