Airport city planned near KLIA


MAHB plans to develop the lowcost terminal site into a logistics hub for cargo facilities once main tenant AirAsia relocates its headquarters, Faizal says.

KUALA LUMPUR: Malaysia Airports Holdings Bhd plans to convert some oil-palm plantations surrounding Kuala Lumpur’s main air terminal into attractions such as theme parks, concert halls and golf courses to lure businesses and visitors.

A factory outlet venture with Mitsui Fudosan Co, Japan’s biggest developer, would open in the area next year, and new towns had sprung up near the airport that would help the zone dubbed KLIA (KL International Airport) Aeropolis grow, chief financial officer Faizal Mansor said in an interview.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Wall St set to open higher as Fed allays rate-hike concerns
Singapore DBS’s digital services hit days after MAS ban ends
US weekly jobless claims unchanged; layoffs decline in April
Gold falls as investors evaluate US rate cut prospects
UOA REIT expects office rental market to remain challenging
Ringgit rebounds to end higher vs US dollar
BHIC unit bags RMN submarine contract from Mindef worth RM43.6mil
Sapura Energy appoints Ganesh Gunaratnam as new CFO effective June 1
Capital A formulating regularisation plan to address PN17 status
Ajinomoto declares special dividend of RM2.12 from land sale

Others Also Read