KUALA LUMPUR: Malaysia Airport Holdings Bhd needs a financially robust and experienced partner to transform the country's airports, according to National Council of Professors fellow Azmi Hassan.
"This offer was extended to numerous investment companies by EPF and Khazanah. However, only Global Infrastructure Partners accepted. Azmi emphasised the need for GIP's involvement to prevent Kuala Lumpur International Airport from lagging behind competitors like Changi Airport in Singapore and airports in Thailand, which benefit from substantial investment and strong financial backing.
On May 15, Gateway Development Alliance and its shareholders announced a voluntary pre-condition offer to acquire all MAHB shares not already owned by the consortium, at RM11.00 per share, totalling RM18.4 billion.It also includes a wholly-owned subsidiary of the Abu Dhabi Investment Authority and a fund managed by GIP, one of the world's leading infrastructure investors with significant airport management experience.