CIDB Eyes RM110 Bln Construction Projects This Year
The Construction Industry Development Board
(CIDB) expects the industry to secure approximately RM110 billion worth of
projects this year, driven by the Economic Transformation Programme (ETP), said
Chief Executive Datuk Seri Dr Judin Abdul Karim.
Last year, projects secured totalled an overwhelming
RM120 billion, surpassing expectations for RM95 billion.
"The local construction industry did
very well last year, registering growth of about 18 per cent higher compared
with 2011, despite the weakening world economy.
"We see more projects streaming in this year and we expect the
growth to be quite robust," he told a press conference after signing the
Corporate Integrity Pledge (CIP) today, witnessed by Malaysian Anti-Corruption
Commission Chief Commissioner Datuk Seri Abu Kassim Mohamed.
The pledge was signed as part of efforts to ensure responsibility,
transparency and integrity in all dealings with the public and construction
industry practitioners.
Judin said the board expects the industry to
still be busy in the next few years with more MRT projects expected to be
rolled out as well as other projects in the ETP.
On the overseas market, he said Myanmar and
Indonesia could possibly offer huge opportunities given their big populations
and increasing demand for infrastructure.
"Malaysian contractors have the
experience and expertise to cater to their construction needs," he said.
For the upcoming International Construction Week, organised by CIDB and
to be held from March 25 at the Kuala Lumpur Convention Centre, India has
requested a slot to highlight the opportunities available there, especially in
the Delhi-Mumbai Industrial Corridor.
Source: New Straits Times
Date: 14 February 13
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