Malaysia Airports Holdings Berhad (MAHB) has announced plans to invest more than RM11 billion in capital expenditure over the next five years to modernise and expand its airport network across Malaysia. The investment programme follows the company’s privatisation in 2025 and covers capacity expansion, asset renewal, technology upgrades, passenger experience enhancements and sustainability initiatives.
The programme includes major development works at Kuala Lumpur International Airport (KLIA), Penang International Airport, and Kota Kinabalu International Airport, alongside broader infrastructure renewal and technology modernisation projects. MAHB’s long-term KLIA Development Plan is designed to accommodate future passenger demand exceeding 100 million passengers annually.
At Penang International Airport, ongoing expansion works are expected to increase annual passenger handling capacity from 6.5 million to 12 million passengers. Meanwhile, proposed upgrades and expansion at Kota Kinabalu International Airport aim to raise annual capacity from 9 million to 12 million passengers.
Beyond terminal expansions, MAHB plans to undertake engineering asset replacement programmes, pavement rehabilitation, utility upgrades and improvements to other critical airport infrastructure. Passenger-focused enhancements will include terminal reconfiguration, traffic flow improvements, baggage handling system upgrades and facility modernisation across the airport network.
The RM11 billion investment programme represents the first major strategic initiative since MAHB was taken private by a consortium comprising Khazanah Nasional Berhad, Employees Provident Fund (EPF) and Abu Dhabi Investment Authority (ADIA). Following the transaction, MAHB was delisted in February 2025. The company stated that the investment pipeline is intended to improve airport infrastructure and service quality while supporting long-term passenger growth across Malaysia.