Global logistics firm DHL Express says it has signed an agreement with Milan Malpensa airport operator, SEA, to build a new EUR90 million (USD99 million) cargo handling facility at the airfield which will become its primary gateway into the Italian market.
Construction on the new 46,000sqm facility will commence later this year and is expected to be completed during the first half of 2018.
In total, DHL is expected to invest a total of EUR350 million into its Italian operations over the next five years in order to "guarantee the highest levels of service for clients in Italy and abroad."
The move mirrors that of rival FedEx Express (FX, Memphis International) which announced it would be investing EUR100 million (USD113.5 million) into its own 35,000sqm+ facility at the Milanese hub.
