The appointment is underpinned by Futurise’s established regulatory sandbox expertise in various new innovations including drone technology. The company will now also be involved in assisting CAAM in the development as well as charting the regulatory direction of the AAM industry.
As urbanisation and congestion strain traditional infrastructure, AAM presents innovative alternatives for faster, more efficient, and sustainable travel, particularly in urban hubs and remote regions According to CAAM, Malaysia's strategic location, coupled with its advancing technological capabilities and government initiatives like the National Transport Policy, lays a solid foundation for AAM to revolutionise the transportation landscape.
In the soon to be released AAM industry report, which is a collaboration between Futurise and the Malaysian Industry-Government Group for High Technology (MIGHT), the introduction of AAM is expected to generate RM70bn (£12.34bn) in additional revenues, representing an additional 1.9% of total revenues in the Malaysian economy.
