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.”
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