The Malaysia Rail Industry Corporation, (“MARIC”) was established as an incorporated association in the year 2017 entrusted with the mission to contribute to the development of the Malaysian railway systems engineering. MARIC membership is open to all companies operated in Malaysia, with a majority local shareholder and has been involved in railway systems engineering and associated works. Companies from the area of public transportation, communication, developers related to transit-oriented development as well as the construction sectors (railway infrastructure) are also eligible to become the member.
Since its establishment, MARIC has endeavored to achieve the Malaysian railway mission, through extensive activities including seminars, symposiums, exhibitions, Familiarization programs, Export Acceleration Mission (EAM), business matchings and the promotions of local empowerment program.
Over the years, the MARIC membership has increased significantly to with approximately 5,000 employees at present and is currently engaged in various wide-ranged activities such as construction, rehabilitation, MRO, and PPP in Malaysia and around the world.
Being a leading corporation consisting of 46 key rail companies, MARIC objective is to establish credible local companies which collaborate with the government in building a railway network while keeping the lines operational, safe, and sustainable. In supporting the nation’s rail industry, MARIC focuses on systems engineering clusters which comprise ticketing, signaling, communications, track works, rolling stock, SCADA, automated fare collection (AFC), and electrification.
MARIC aims to develop a local supplier/vendor capability in order to manage systems MRO / Systems Construction, Rehabilitation and Mid-life Refurbishments/Component Supplies Activities in the future.
The objectives of MARIC Rail Export Champs are as follows:
Localization's engagement program with suppliers to increase local content
ASEAN market penetration
Collaboration with local & OEMs and international suppliers.
Sustainable development goals (green technology program);
Financial assistance – incentives for rail industry
Nurturing local industry players to meet international requirements.