TOKYO - Eyeing the increasing demand for aviation worldwide, Singapore's Changi Airport is looking to invest in airports in other countries, applying the extensive airport management knowhow it has gained from its operations in Singapore.
Changi Airport Group Chairman Liew Mun Leong sat for an interview with the Nikkei Asian Review on Tuesday in Tokyo.
"We have a lot [of airports we want to invest in]. I think airports in ASEAN are interesting. Airports in China are also interesting because China is very short of airports," Liew said when asked about his company's international investment plans. Asked about the criteria he uses to decide on investment targets, he replied, "If we have confidence in the economy [of the target country], we will put money in."
According to Liew, Changi's international arm is already involved in business activities in some 40 airports around the world, including investment in airports in Brazil, Russia, India and China. It has also conducted planning, design and management consulting for other airports. The consulting involves retail space management, one of Changi's strengths. The airport has been repeatedly named the world's best for its service.
However, Liew admitted, bidding for foreign airport business can be difficult, since most countries prefer to use local companies. Therefore, Changi will likely invest in other countries with local partners.
Read the full article here.