Malaysia Airports Holdings Berhad (MAHB) has announced plans to invest more than RM11 billion over the next five years to modernise and expand airport infrastructure across its network. The programme represents the company’s first major long-term investment strategy since its privatisation in 2025 and will focus on capacity expansion, infrastructure renewal, technology upgrades, passenger experience improvements and sustainability initiatives.
The investment pipeline includes major development projects at Kuala Lumpur International Airport (KLIA), Penang International Airport and Kota Kinabalu International Airport. A key component of the programme is the long-term KLIA Development Plan, which is designed to support future passenger growth beyond 100 million passengers annually. Expansion works at Penang International Airport will increase annual passenger handling capacity from 6.5 million to 12 million, while planned upgrades at Kota Kinabalu International Airport aim to raise capacity from 9 million to 12 million passengers per year.
In addition to terminal expansion projects, MAHB will undertake engineering asset replacement programmes, pavement rehabilitation works, utility upgrades and technology modernisation initiatives across its airport network. Passenger-focused improvements will include terminal reconfiguration, traffic flow enhancements, baggage handling system upgrades and facility improvements. The investment programme follows MAHB’s acquisition by Gateway Development Alliance, a consortium comprising Khazanah Nasional Berhad, the Employees Provident Fund (EPF), Global Infrastructure Partners (GIP) and Abu Dhabi Investment Authority (ADIA), which completed the privatisation of the airport operator in 2025.