Construction industry to grow by 11%
KUALA LUMPUR: The construction industry is expected to grow by 11.2% this year, driven by various projects under the Economic Transformation Programme initiated by the Government last year.
Master Builders Association Malaysia (MBAM) president Matthew Tee said among the projects that would boost growth were the My Rapid Transit project and otherEntry Point Projects.
“We have all these projects initiated by the Government and we reckon if they are implemented this year, we could achieve the number,” he said at the Fifth Malaysian Construction Summit themed “Challenges Facing the Construction Industry” opened by the Works Ministry secretary-general Datuk Himmat Singh.
Tee said one of the challenges in the industry was the need to provide a sufficient number of skilled construction workers.
“Although there is a need to limit the number of foreign workers, we must also have a sufficient number of local skilled construction workers who can contribute to the economy.
“As we are all aware, the construction industry has played an important role in the national economy,” he said.
A memorandum of understanding (MoU) between MBAM and the Construction Research Institute of Malaysia was signed on the sidelines of the summit. Under the MoU, MBAM and the institute would co-operate to execute research work.
The institute’s executive director Zuhairi Hamid said the collaboration would lead to the commercialisation and adoption of new construction methods and products. – Bernama
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