From Goh Thean Eu Published: 2009/10/31
ISTANBUL: Malaysia Airports Holdings Bhd (MAHB) (5014) expects revenue from foreign markets to make up one-tenth of group revenue in 10 years, as it expands globally.
Currently, foreign sales contribute less than 2 per cent of group revenue. Last year, the group made RM1.5 billion in revenue.
According to MAHB chairman Tan Sri Dr Aris Othman, growth does not solely depend on the number of airports it operates, but on the number of businesses it is involved in each of the airports.
"You need to depend on other businesses like hotels, car parks, ground handling and others. Of course, we would like to get more opportunities in these areas," Aris said here yesterday.
Aris and a group of senior management team members of MAHB are in Istanbul to take part in the launch of Istanbul's Sabiha Gocken International Airport (ISG).
The new terminal will be launched by Turkish Prime Minister Recep Tayyip Erdogan this evening.
Aris added that the company is in talks with a few airport operators for the possibility of joint bids and partnerships.
Nevertheless, the MAHB chairman expects the firm's next overseas venture to be within the next two to five years.
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