By Farah Wahida:
Malaysia’s construction industry expects a fruitful year, with around RM110 billion worth of projects, mainly driven by the Economic Transformation Programme (ETP).
Commenting on last year’s performance, Datuk Seri Dr Judin Abdul Karim, Chief Executive of the Construction Industry Development Board Malaysia's (CIDB), said that “despite the weakening world economy last year, our construction industry did very well, registering growth of about 18 percent higher compared with 2011.”
The industry secured a total of RM120 billion in projects last year, exceeding the expected RM95 billion, added Judin.
Moving forward, CIDB expects a busy construction industry, particularly with more Mass Rapid Transit projects and other ETP projects to be launched.
Judin said this after the signing of a corporate integrity pledge between CIDB and Malaysian Anti-Corruption Commission (MACC), which was in line with efforts to ensure responsibility, integrity and transparency in all dealings related to the public and construction industry practitioners.
CIDB will work with MACC to build awareness among CIDB officials and industry players on such issues.
Separately, Judin noted that Indonesia and Myanmar will provide great opportunities for the local construction players, given increasing demand for infrastructure due to their growing populations. With their experience and expertise, local contractors are fit to cater to these countries’ construction needs.
Malaysia’s construction industry expects a fruitful year, with around RM110 billion worth of projects, mainly driven by the Economic Transformation Programme (ETP).
Commenting on last year’s performance, Datuk Seri Dr Judin Abdul Karim, Chief Executive of the Construction Industry Development Board Malaysia's (CIDB), said that “despite the weakening world economy last year, our construction industry did very well, registering growth of about 18 percent higher compared with 2011.”
The industry secured a total of RM120 billion in projects last year, exceeding the expected RM95 billion, added Judin.
Moving forward, CIDB expects a busy construction industry, particularly with more Mass Rapid Transit projects and other ETP projects to be launched.
Judin said this after the signing of a corporate integrity pledge between CIDB and Malaysian Anti-Corruption Commission (MACC), which was in line with efforts to ensure responsibility, integrity and transparency in all dealings related to the public and construction industry practitioners.
CIDB will work with MACC to build awareness among CIDB officials and industry players on such issues.
Separately, Judin noted that Indonesia and Myanmar will provide great opportunities for the local construction players, given increasing demand for infrastructure due to their growing populations. With their experience and expertise, local contractors are fit to cater to these countries’ construction needs.
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