Malaysia Airports to work with MIDA to promote KLIA Aeropolis

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KUALA LUMPUR (July 13): Malaysia Airports Holdings Bhd, Malaysian Investment Development Authority to collaborate in drawing FDIs into Malaysia with a focus on KLIA Aeropolis and Subang Aerotech Park development, according to statament.

* KLIA Aeropolis is a city development within 100-sq km of KLIA land in Sepang, outside Kuala Lumpur.

** Project centered around 3 core clusters that are air cargo & logistics; aerospace & aviation; and meetings, incentives, conferences and exhibitions & leisure.

** Focuses on off-terminal real estate development synergistic, with Malaysia Airports’ existing airport ops.

** The catalytic project under air cargo & logistics cluster to develop 60-acres of land for ASEAN regional e-commerce with Cainiao, the logistics arm of Alibaba, is set to double KLIA’s air cargo vol. from 0.7m tons a yr to 1.3m tons a yr by 2028.

* Malaysia Airports also working on Subang Airport regeneration initiative to revitalize the terminal and its ecosystem.