Business

MAHB looking at factory outlet for KLIA

By Lee Wei Lian
April 26, 2012

KUALA LUMPUR, April 26 – Malaysia Airports Holdings Berhad (MAHB) is considering a factory outlet mall for the country’s main airport with a decision expected within the next few months.

The country’s first factory outlet – Johor Premium Outlets – opened late last year in Kulai and has been reported to have seen encouraging response from local shoppers looking for the experience of being able to buy branded goods at discounted prices.

MAHB CFO Faizal Mansor said that the airport operator had allocated 50 acres of land next to its headquarters near KLIA for such a project.

“We are doing further studies to confirm the demand for such a factory outlet,” he said in a press conference today. “We are also studying who are the right people to partner with. Hopefully a decision will be made by mid 2012.”

Faizal also said that the RM3.9 billion new low cost carrier terminal KLIA2 is on track for completion in April 2013.

KLIA2 will have about 30,000 sq m of retail space or about double the space in KLIA or roughly six times the space at the current low cost carrier terminal.

Faizal said that he expects a 80-90 per cent take up rate for retail space at KLIA2 when it opens.

Results for the first round of tenders for retail space in KLIA2 are expected within the next few months.

MAHB’s retail revenue grew 15.8 per cent in the first quarter to RM131.3 million.

Biz Updates from PR Newswire

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