GEORGE TOWN, April 14 -- Penang has obtained planning permission for the masterplan of the Penang International Logistics Aeropark (PILA).

Penang chief minister Chow Kon Yeow said the project, a joint venture between Penang Development Corporation and Malaysia Airports Holdings Berhad (MAHB), is aimed at developing a new cargo terminal to strengthen the logistics ecosystem in the northern region.

"PDC is currently undertaking earthworks and soil treatment," he said in a statement issued today.

He said the first phase of the new air cargo warehouse, which is designated as a Free Commercial Zone facility, is expected to be completed and begin operations in 2029.

"The PILA development, with over two million square feet of warehouse space...