Malaysia Airports, GMR plan funds for expansion
HYDERABAD: Airport developer and operator GMR, and its equity partner Malaysia Airports Holdings Berhad, are looking at setting up investment funds for their next phase of global expansion.
While the size of Malaysia Airports' investment fund would be around $1.5 billion, GMR is yet to announce the size of its fund.
Both the infrastructure giants have been consolidating their global investments and looking at tapping new opportunities.
Datuk Mohd Badlisham Ghazali,MD of Malaysia Airports Holdings Berhad, said, "As both GMR and Malaysia Airports are consolidating their international airport investments, the creation of an investment fund is critical to go for new opportunities arising out of countries focusing on airport infrastructure."