Malaysia Airports Holdings (MAHB) has recently submitted a comprehensive strategic plan for the long-term development of the Sultan Abdul Aziz Shah Airport (SAAS), or Subang Airport, to the government.
The plan is premised on three focus areas, namely, Aerospace Ecosystem, Business Aviation and Urban Community Airport. It is meant to propel SAAS into becoming the preferred aerospace and business aviation hub in Asia-Pacific in the next five years.
Subang Airport’s regeneration plan will require infrastructure investment of RM300 million: MAHB
MAHB group CEO, Mohd Shukrie Mohd Salleh, said in a press statement: “Since mandated by the government in 2005 to develop (SAAS) into an international aerospace park, we have grown the ecosystem by four times, attracting the presence of 60 leading brand names and facilitating capital inflows of over RM500 million (US$120 million).”
He said the regeneration plan will grow the ecosystem further by three times, doubling the number of global and local operators to more than 100 that will create and support a 19,000-strong high skilled workforce.
“It will spearhead Malaysia’s transition into high technology driven IR4.0 industries and high-income nation with a projected value of over RM10.0 billion to the national economy. This is very much aligned to the strategic thrusts identified in the government’s Shared Prosperity Vision 2030 and will achieve the aspirations of the Malaysian Aerospace Industry Blueprint 2030,” he added.
Mohd Shukrie said MAHB is ready now to undertake the SAAS regeneration plan as it has sufficient internal cash reserves.
He added: “The plan requires infrastructure investment of RM300 million staggered over the next five years. This is well within our capability as we still have a strong cash and money market position of RM1.6 billion with RM914 million available for the Malaysian operations. The funding for ready-built or build-to-suit facility can be easily facilitated via a combination of internal cash as well as project financing options.”
Malaysia Airports Holdings (MAHB) has recently submitted a comprehensive strategic plan for the long-term development of the Sultan Abdul Aziz Shah Airport (SAAS), or Subang Airport, to the government.
The plan is premised on three focus areas, namely, Aerospace Ecosystem, Business Aviation and Urban Community Airport. It is meant to propel SAAS into becoming the preferred aerospace and business aviation hub in Asia-Pacific in the next five years.
MAHB group CEO, Mohd Shukrie Mohd Salleh, said in a press statement: “Since mandated by the government in 2005 to develop (SAAS) into an international aerospace park, we have grown the ecosystem by four times, attracting the presence of 60 leading brand names and facilitating capital inflows of over RM500 million (US$120 million).”
He said the regeneration plan will grow the ecosystem further by three times, doubling the number of global and local operators to more than 100 that will create and support a 19,000-strong high skilled workforce.
“It will spearhead Malaysia’s transition into high technology driven IR4.0 industries and high-income nation with a projected value of over RM10.0 billion to the national economy. This is very much aligned to the strategic thrusts identified in the government’s Shared Prosperity Vision 2030 and will achieve the aspirations of the Malaysian Aerospace Industry Blueprint 2030,” he added.
Mohd Shukrie said MAHB is ready now to undertake the SAAS regeneration plan as it has sufficient internal cash reserves.
He added: “The plan requires infrastructure investment of RM300 million staggered over the next five years. This is well within our capability as we still have a strong cash and money market position of RM1.6 billion with RM914 million available for the Malaysian operations. The funding for ready-built or build-to-suit facility can be easily facilitated via a combination of internal cash as well as project financing options.”