FedEx and the Penang Development Corporation (PDC) have announced a memorandum of understanding to develop a new logistics facility within the Penang International Logistics Aeropark (PILA), adjacent to Penang International Airport.
FedEx will be one of the first global logistics companies to commit to PILA, with an investment of approximately $11m. The funding will go toward the construction of a new 9,300m2, fully integrated logistics and air cargo facility. It is expected to be completed by 2028.
According to FedEx, the facility will incorporate freight and express operations under one roof, which will in turn create a multiplier effect that gives manufacturers, SMEs and regional businesses better access to the global market.
“This MoU is not only about infrastructure, but about futureproofing Malaysia’s role in international trade,” said Tien Long Woon, managing director of FedEx Malaysia. “Our investment demonstrates how targeted, high-impact infrastructure can catalyze growth, attract industries and support Penang’s ambition to remain Malaysia’s top exporting state.
“By embedding ourselves in PILA, FedEx is strengthening the resilience and agility of the supply chain while supporting the vision of the National Transport Policy 2019-2030 and Penang 2030,” he added.
Aziz Bakar, chief executive officer of Penang Development Corporation, commented, “PDC warmly welcomes FedEx’s decision to invest and lease space at PILA. We are confident that FedEx’s strengthened presence in Penang will further enhance and reinforce the state’s industrial and trade ecosystem.”
According to FedEx, the state of Penang saw 4.8% year-on-year GDP growth in 2024 and recorded RM431bn (US$92bn) in exports, making up 31.4% of the country’s total, and affirming its position as the country’s top exporting state.
In related news, FedEx has opened a new air and ground logistics facility in Talinn Airport, Estonia