Financial Analysis Megatrends Travel Around Asia on AirAsia. Now Everyone Can Invest.

AirAsia Hotel Rooms Holiday Promotion 2012 Search Box Earn 50 Percent or 48 USD Per Introduction

Search This Blog

Sunday, April 10, 2011

KL International Airport to double its size to 6750 acres

Malaysia Airports Holdings Bhd (MAHB) has outlined more details of the Kuala Lumpur International Airport (KLIA) Aeropolis development project.

MAHB said the proposed development components of KLIA Aeropolis included a commercial business district which included office parks, retail or commercial centres, a medical centre and training centre complex. 

In its FY10 annual report released yesterday, MAHB said it had enhanced its development master plan by incorporating development planning into high-potential areas that were not earmarked for future airport expansion based on the updated National Airport Master Plan (NAMP) study.

“With this enhancement, the total area for development within KLIA Aeropolis will be enlarged to 6,750 acres from the previously planned area of 2,730 acres,” it said.

The airport management company also said it was asking the government for an extension of the lease for the land  identified for development to 60 years from the current tenure of 25 years.

MAHB said it had commenced the first phase of the commercial development by opening up a 50-acre (20ha) site to accommodate a factory outlets centre, food and beverage (F&B) mall and an auto city or auto mall to enable local and foreign automotive dealers to leverage on the high advertising value at the international gateway.

It added that earthworks on the site were on-going and scheduled to be completed by mid-2011.

The group said upon the targeted completion of 2013, the proposed factory outlet centre would be a new retail destination for the country and region.

“Its strategic location within the airport boundaries, coupled with the availability of budget airlines, will not only attract local shoppers but also regional shoppers to the area, thus increasing the country’s tourist arrivals,” it said.

Additionally, MAHB said it would study the expansion of the logistics and warehousing facilities at KLIA, to utilise the existing low-cost carrier (LCC) terminal building upon the relocation of low-cost carrier operations to KLIA2.

The KLIA Aeropolis was part of MAHB’s quest to develop its vast landbank at KLIA. The development project was intended to transform KLIA into a diversified airport city, providing significant opportunities including employment, leisure and tourism.

“It will also feature the KLIA MSC-Free Zone which will have space for high-tech, high value, time-sensitive industries, a logistics or warehousing centre and commercial business premises,” it said.

The KLIA Aeropolis would also house golf courses, a boutique hotel and a theme park as well as agro-tourism tracts of land.

No comments:

Post a Comment

Related Posts Plugin for WordPress, Blogger...

Compare Reviews