Airport REIT likely to generate RM700mil a year

Raising funds: The departure levy is applicable to every international departure at a rate RM20 for Asean destinations and RM40 for other regions. — Bernama

PETALING JAYA: The proposed Airport Real Estate Investment Trust (REIT), the first of its kind in the world, is expected to generate more than RM700mil per annum.

Announced during Budget 2019 last week, it will see the departure levy on international passengers being introduced from June 1, 2019. The government will sell a stake in its airport asset into a REIT structure and use the proceeds for enhancement capital expenditure (capex).

Subscribe now for a chance to win your dream holiday!

Monthly Plan


Annual Plan


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!

Business , Airport , REIT , MAHB


Next In Business News

AirAsia expands operations to Subang Airport, fly to Borneo starting Aug 30
HSBC forecasts Malaysia's 2024 GDP at 4.5%
Sarawak Petchem's RM7bil complex to reinforce Malaysia's status as top methanol producer in Asia-Pacific
JCorp's FY23 profit rises 9% to RM2.4bil
Market-oriented measures underlined for realty sector
Chip stocks rebound ahead of megacap earnings
T7 Global unit receives award from PETRONAS Carigali
Poverty ethos: We care, don’t we?
Varia unit bags RM555mil contract for sewage project in Pulau Pinang
Advancecon's indirect subsidiary secures contract for mining works

Others Also Read