01 / 03Value chain
Build.
Satellite manufacturing, space systems, AI infrastructure and advanced engineering.
Precinct Developer · Pahang Aerospace City · A KASDR Legacy Berhad company
Malaysia’s gatewayto the newspace economy.
Space City Asia is a dedicated space-industry precinct of more than 1,000 acres within Pahang Aerospace City, on Malaysia’s east coast. It is where satellites will be built, missions operated and space data turned into services, for Malaysia, for ASEAN and for the world.
- 1,000+acres
Space City Asia precinct
- 11,328acres
Pahang Aerospace City master development
- USD20million
Strategic capital raise announced, October 2026
- 3pillars
Build · Operate · Monetise
The idea
One precinct. The whole space value chain.
The global space economy is on course to exceed USD 1 trillion. Most of that value is created on the ground, in the factories that build satellites, the stations that operate them and the companies that turn their data into decisions. Space City Asia brings all three together in one purpose-built precinct, integrated with a new international airport, the East Coast Rail Link and a free trade zone.
02 / 03Value chain
Operate.
Ground stations, mission and satellite operations, and future launch capability.
03 / 03Value chain
Monetise.
Earth observation, climate and maritime intelligence, and digital services built on space data.
Explore the PrecinctAbout us
Space City Asia: ASEAN’s integrated space-economy precinct
Space City Asia (SCA) is the dedicated space-industry development within Pahang Aerospace City (PAC), the 11,328-acre aerotropolis taking shape near Kuantan on Malaysia’s east coast. It is designed to bring industry, operations and commercial innovation together in one place, and to make Malaysia a regional hub for space technology, talent and investment.
Space City Asia Berhad is the appointed Precinct Developer for Space City Asia and a wholly-owned subsidiary of KASDR Legacy Berhad.
How it fits together
- Pahang Aerospace City (PAC)the master development, under the patronage of HRH the Sultan of Pahang
- Pahang Aerospace City Development Berhad (PACDB)master developer of PAC
- Space City Asia BerhadExclusive Strategic Partner and Precinct Developer for Space City Asia within PAC
- KASDR Legacy Berhadparent company of Space City Asia Berhad
Our appointment
03
2026
2026
Exclusive Strategic Partner · Preferred Precinct Developer
In March 2026, PACDB formally appointed KASDR Legacy Berhad as the Exclusive Strategic Partner and Preferred Precinct Developer for Space City Asia. The appointment entrusts the company with planning, structuring and developing the precinct, defining an ecosystem architecture integrated with the PAC masterplan, and leading the strategic, commercial and investment activity needed to bring it to life. Space City Asia Berhad was established within the KASDR group to carry out this mandate.
Location
Why Pahang
Our vision
To make Malaysia ASEAN’s hub for space innovation, industry and talent.
Our mission
- Build capability at home.Develop a world-class precinct where satellites, space systems and the AI infrastructure behind them are designed, assembled and tested in Malaysia.
- Create the ground for space operations.Provide the ground stations, mission control and data infrastructure that connect Malaysia to orbit, and lay the foundation for future launch capability.
- Turn space data into value.Grow businesses that use Earth observation and satellite data to serve climate, maritime, agriculture, insurance and smart infrastructure.
- Develop Malaysian talent.Work with universities, technical and vocational institutions and industry to train the engineers, technicians and entrepreneurs the space economy needs.
- Connect Malaysia with the world.Bring global technology companies, space agencies and investors together with Malaysian industry and SMEs.
Principles
What
guides us
- Developing people. Localising technology.
- Building Malaysia’s space capability.
- National alignment
- Our work supports the National Space Policy 2030 (Thrust 4: New Space Economy) and the Space City initiative under the Malaysia Space Exploration 2030 Blueprint.
- Local participation
- Malaysian companies and SMEs are part of the supply chain from day one.
- Safety and sustainability
- Safety, environmental responsibility and regulatory compliance come first in everything we plan.
The precinct
More than 1,000 acres, designed around three pillars
Space City Asia occupies a site of more than 1,000 acres within Pahang Aerospace City, inside PAC’s gazetted Special Economic Zone. The precinct is planned around three connected districts, so that what is built in one becomes the business of the next.
1,000+
acres · three districts
Areas are indicative and subject to final masterplanning and approvals.
Development phasing
From groundwork to a regional hub
2026
Platform activation
Precinct developer appointed, land awarded, capital raise announced, site clearance under way, enabling works to begin.
2027
Industrial cluster
Infrastructure construction begins and the first industrial tenants are onboarded.
2028–2029
Space operations
Ground station network, mission and satellite operations, and launch feasibility advanced.
2031 onward
Full activation
Kuantan International Airport (KaIA) opens and Space City Asia operates as a regional space gateway across all three pillars.
Pahang Aerospace City
The PAC Omniport: four integrated pillars
- AIRAl-Sultan Abdullah Kuantan International Airport (KaIA), the gateway for passengers, cargo and space operations.
- RAILEast Coast Rail Link integration, with an ECRL station within the PAC precinct.
- SPACESpace City Asia, PAC’s integrated space-economy precinct.
- DIGITALCUMULUS, the Data Centre & AI Tech Park and the digital backbone of PAC.
Inside PAC
Space City Asia, at the heart of the aerotropolis
BuildOperateMonetiseOther PAC developments
Under royal patronage
His Royal Highness the Sultan of Pahang
Pahang Aerospace City operates under the strategic direction and patronage of His Royal Highness Al-Sultan Abdullah Ri’ayatuddin Al-Mustafa Billah Shah ibni Almarhum Sultan Haji Ahmad Shah Al-Musta’in Billah, the Sultan of Pahang, who served as the 16th Yang di-Pertuan Agong of Malaysia from 2019 to 2024.
His Royal Highness’s vision of Pahang as a regional hub for aerospace and the industries of the future is the foundation on which Pahang Aerospace City, and Space City Asia within it, are being built. Space City Asia is honoured to contribute to that vision and to strengthening Malaysia’s role in the international space community.
State support
Backed by the Pahang State Government
Space City Asia has the support of YAB Dato’ Sri Diraja Haji Wan Rosdy bin Wan Ismail, Menteri Besar of Pahang, and the Pahang State Government. On 16 October 2026, Space City Asia’s USD 20 million strategic capital raise was announced before the Menteri Besar at the Pahang State Government’s strategic cooperation document exchange ceremony at the Selangor International Business Summit (SIBS) 2026 in Kuala Lumpur.
The State has put in place the institutions to make Space City Asia possible:
- Pahang Aerospace Asset Management (PAAM)the State’s development vehicle for strategic aerospace and space investment, which awarded land for the precinct.
- Invest Pahang and the State Investment Officewhich provide one-stop coordination for investors and partners.
- Pahang Aerospace City Development Berhadthe master developer, which provides institutional support and coordination with state and federal authorities.
Federal alignment
Aligned with Malaysia’s national space agenda
The Malaysian Space Agency (MYSA), under the Ministry of Science, Technology and Innovation (MOSTI), has issued a letter of intent to Space City Asia Berhad for cooperation in space science and technology, focused on joint research and development and human capital development. Space City Asia has reciprocated with its own letter of intent, as the basis for a future Memorandum of Agreement.
Space City Asia supports Thrust 4 of the National Space Policy 2030 (the New Space Economy) and the Space City initiative of the Malaysia Space Exploration 2030 Blueprint.
Global reach
Building partnerships beyond our borders
Space City Asia is building relationships with international space organisations, agencies and universities to bring expertise, investment and opportunity to Malaysia, including:
- United Nations Office for Outer Space Affairs (UNOOSA)capacity building, space law, sustainability and technical cooperation
- UAE Space Agencyspace-industry development, technology exchange and investment
- Scottish Development Internationalinnovation ecosystem development and industry collaboration
- University of Edinburgh and Universiti Malaysia Pahang Al-Sultan Abdullah (UMPSA)talent, research and venture creation
Working together
The partners behind Space City Asia
- Developed in partnership withPahang Aerospace City Development BerhadMaster developer
- With the support ofPahang State Government
- With the support ofInvest Pahang
- In dialogue withMalaysian Space Agency (MYSA)
News & milestones
From plan to precinct
Announcement · Kuala Lumpur · 16 October 2026
Space City Asia announces USD 20 million strategic capital raise
Space City Asia Berhad ("SCA"), the Precinct Developer for Space City Asia within Pahang Aerospace City, has announced a strategic capital raise of USD 20 million to fund the development of Space City Asia.
The announcement was presented to YAB Dato’ Sri Diraja Haji Wan Rosdy bin Wan Ismail, Menteri Besar of Pahang, at the Pahang State Government’s strategic cooperation document exchange ceremony held in conjunction with the Selangor International Business Summit (SIBS) 2026 at the Kuala Lumpur Convention Centre.
The capital is being raised through SCA’s parent company, KASDR Legacy Berhad, together with a group of family offices based in the United States. Their participation reflects growing international confidence in Pahang as a destination for investment in the aerospace and space industries.
The funds will support the initial phase of Space City Asia, including:
- precinct planning and enabling infrastructure;
- attracting anchor tenants and industry partners; and
- programmes to develop talent, research and the wider space-industry ecosystem in Pahang, in line with Malaysia’s national space objectives.
SCA records its deepest appreciation to YAB Menteri Besar and the Pahang State Government, Pahang Aerospace City Development Berhad and Invest Pahang for their vision and continued support in establishing Pahang as a regional hub for the aerospace and space industries.
At a glance
- Company
- Space City Asia Berhad (202601013292 (1675390-M))
- Capital raise
- USD 20,000,000
- Investors
- KASDR Legacy Berhad and United States-based family offices
- Purpose
- Development of Space City Asia, Pahang Aerospace City, Pahang, Malaysia
This announcement is made for information purposes only and does not constitute an offer or invitation to subscribe for or purchase any securities of Space City Asia Berhad or KASDR Legacy Berhad.
Partnership · 16 October 2026
Space City Asia and the Malaysian Space Agency exchange letters of intent
The Malaysian Space Agency (MYSA), under the Ministry of Science, Technology and Innovation (MOSTI), has issued a letter of intent to Space City Asia Berhad to enable dialogue on cooperation in space science and technology. Space City Asia has responded with its own letter of intent, presented at the Pahang State Government’s strategic cooperation document exchange ceremony at SIBS 2026.
The letters open discussion in three areas:
- joint research, development and innovation in space science, technology and applications;
- human capital development, including training, technical and vocational education, internships and industry attachments for Malaysian talent; and
- the participation of local industry and international partners in the space ecosystem being built at Space City Asia.
The cooperation supports Thrust 4 of the National Space Policy 2030 on developing the New Space Economy. The parties may later enter a Memorandum of Agreement to formalise joint programmes.
Milestone · 10 March 2026
KASDR Legacy appointed Precinct Developer for Space City Asia
Pahang Aerospace City Development Berhad (PACDB), master developer of Pahang Aerospace City, has appointed KASDR Legacy Berhad as the Exclusive Strategic Partner and Preferred Precinct Developer for the Space City precinct within PAC, to be known as Space City Asia.
In making the appointment, PACDB recognised the role of Rajeeshwaran Moorthy, FRAeS, in conceptualising the Space City Asia ecosystem, structuring global partnerships across the space, aerospace and technology sectors, and positioning PAC as a regional and global space-economy hub.
The appointment entrusts the company with planning and developing Space City Asia as a key development within PAC, defining its ecosystem architecture in line with the PAC masterplan, and leading the precinct’s strategic, commercial and investment activities. Space City Asia Berhad, a wholly-owned subsidiary of KASDR Legacy Berhad, carries this mandate forward.
On site · July 2026
Work begins on site at Space City Asia
Following approval received on 18 June 2026, site clearance has begun on Parcel 1 of Space City Asia, the first step in preparing the precinct for its enabling works. Land activation planning, statutory land-use approvals and infrastructure coordination are progressing alongside.
What’s next
The countdown has begun. Stay tuned.
Space City Asia is moving from plan to precinct. Here is what is on the way:
- Sequence 01Anchor partners.Global technology, aerospace and satellite companies joining the precinct.
- Sequence 02International agreements.Formal cooperation with national and international space agencies.
- Sequence 03Breaking ground.Enabling works and the first infrastructure on site.
- Sequence 04The masterplan unveiled.The full Space City Asia masterplan and visual identity of the precinct.
- Sequence 05Talent programmes.Training, technical and vocational education, and university partnerships for Malaysia’s space workforce.
- Sequence 06Opportunities to invest and partner.Plots, joint ventures and ecosystem participation for industry and investors.
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Our group
Part of KASDR Legacy Berhad
Space City Asia Berhad is a wholly-owned subsidiary of KASDR Legacy Berhad, a Malaysian holding company building sovereign capability in space, advanced technology and strategic industries. KASDR brings together ventures that share one ambition: to create long-term national value for Malaysia from the industries of the future.
Space City Asia is KASDR’s flagship space-economy development and works alongside the group’s other space, technology and investment ventures.
KASDR Legacy Berhad · Parent company
Wholly-owned subsidiary
Space City Asia Berhad · Precinct Developer
Leadership
Rajeeshwaran Moorthy, FRAeS
- Acting Chief Executive Officer, Space City Asia Berhad
- President and Group Chief Executive Officer, KASDR Legacy Berhad
- Board Advisor, Pahang Aerospace City
Rajeeshwaran Moorthy is the founder of KASDR Legacy Berhad and the architect of the Space City Asia concept. A Fellow of the Royal Aeronautical Society and a TEDx speaker, he works across aerospace, sustainability and emerging technology, structuring partnerships between global space and technology companies, governments and investors. Pahang Aerospace City Development Berhad has recognised his strategic leadership in conceptualising the Space City Asia ecosystem and positioning PAC as a regional and global space-economy hub.
Partner with us
Build the future of space with us
Whether you are a technology company looking for a home in ASEAN, an investor seeking long-term opportunity, a university or agency exploring collaboration, or a Malaysian business ready to join the supply chain, we would like to hear from you.
Opportunities
- Locate at Space City Asia: industrial, operations and commercial plots
- Joint ventures and strategic partnerships
- Investment in the precinct and its ecosystem
- Research, talent and training collaboration
- Supplier and SME participation
Office
Space City Asia Berhad (A KASDR Legacy Berhad company)
Suite 18.11, Plaza Conlay – Tower 1, Jalan Conlay, 50450 Kuala Lumpur, Malaysia
Email
info@kasdr.com
Precinct location
Pahang Aerospace City, Mukim Sungai Karang, Kuantan, Pahang