Malaysia to build KLIA Aeropolis

Mangalesri ChandrasekaranMay 24, 2016

 

In line with Malaysia’s goal of becoming a global leader in building airport cities, the country’s officials unveiled plans to construct a new 100km2 aviation hub on a large swathe of land surrounding the Kuala Lumpur International Airport (KLIA) in Sepang.

Known as KLIA Aeropolis, the massive development will feature three key clusters, namely, Leisure, Air Cargo and Logistics, as well as Meetings, Incentives, Conferences and Events (MICE).

In particular, 60 percent of the large-scale project will be intended for the airport and aeronautical use, with KLIA as the centrepiece.

The rest would be earmarked for a logistics park, a core commercial area, a business park, an aerospace park, an aeronautical support area, as well as zones for leisure and recreation.

Based on an analysis by PricewaterhouseCoopers, the massive project is expected to contribute around RM30 billion to Malaysia’s economy and generate about 56,000 jobs in a 15-year period.

“It will serve as the core of a Malaysia Airports’ air cargo and logistics ecosystem that extends to Penang, Sabah and Sarawak,” said Datuk Badlisham Ghazali, Managing director of Malaysia Airports Holdings Bhd (MAHB).

Furthermore, KLIA Aeropolis is expected to boost KLIA’s cargo capacity from about 726,000 tonnes currently to between 2.5 million and three million tonnes in 2050.

Image: Sourced from New Straits Times

 

Mangalesri Chandrasekaran, Editor at PropertyGuru, edited this story. To contact her about this or other stories email mangales@propertyguru.com.my

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