AP II Targets IDR 11 T from Kuala Namu Investor
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AP II Targets IDR 11 T from Kuala Namu Investor

Angkasa Pura II (AP II) is targeting IDR 11 trillion from the divestment of its shares in Kuala Namu Airport, Medan to strategic investors. There are several potential investors interested in becoming AP II partners, among others from Europe, Asia, and the Middle East.

Muhammad Awaluddin, President Director of AP II, said the company offers two investment packages to potential strategic investors. The first package is an airport operation development package worth IDR 7 trillion, including terminal, runway and apron development. The second package is the development of a commercial area of 200 ha worth IDR 4 trillion. “In non-deal roadshows, there are already some potential investors interested from Europe, Asia and the Middle East,” said Awaluddin.

AP II is looking for global airport management partner to accelerate the growth of the airport. “Currently, traffic in Kuala Namu reaches 10 million passengers per year and in the next five years, we are targeting to grow twice as much to 20 million passengers,” said Awaluddin.

If you rely on organic growth, passenger traffic at Kuala Namu Airport will only grow one million passengers per year. Strategic partners from international airport management companies are expected to transfer their expertise and utilize their owned networks to boost Kuala Namu airport growth. The company is targeting the divestment to be completed in the first quarter of 2018. (*)

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