{"id":6679,"date":"2017-04-12T13:26:54","date_gmt":"2017-04-12T05:26:54","guid":{"rendered":"https:\/\/ipm.my\/?p=6679"},"modified":"2025-07-16T16:32:59","modified_gmt":"2025-07-16T08:32:59","slug":"cidb-construction-sector-to-grow-8-this-year","status":"publish","type":"post","link":"https:\/\/ipm.my\/cn\/cidb-construction-sector-to-grow-8-this-year\/","title":{"rendered":"CIDB: Construction sector to grow 8% this year"},"content":{"rendered":"

Source from: The Star, Original Article<\/a><\/em><\/p>\n

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KUALA LUMPUR: The construction industry is expected to grow by 8% this year, reflecting a total value of RM170bil underpinned by a number of mega infrastructure projects that will also make healthy contributions to the economy.<\/p>\n

This will be an increase from last year, when the industry recorded a growth of 7.4% with a total value of RM166.4bil, according to data from the Construction Industry Development Board (CIDB).<\/p>\n

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\u201cThe industry indeed has a bright future, considering numerous mega infrastructure projects that will continue to fuel our construction demand.<\/p>\n

\u201cThe projects include the Refinery and Petrochemical Integrated Development (Rapid) in Pengerang, east coast rail line from Port Klang to Tumpat, high-speed rail from Kuala Lumpur to Singapore, Pan Borneo Highway in Sabah and Sarawak, Damansara-Shah Alam elevated highway, light rail transit from Bandar Utama to Johan Setia, West Coast Expressway from Banting to Taiping and mass rapid transit line 2.<\/p>\n

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\u201cIn addition, there are commercial real estate projects which will boost construction demand even further such as Bandar Malaysia and Cyberjaya City Centre.<\/p>\n

\u201cUndoubtedly, construction industry is one of the key sector which will propel the nation into prosperity,\u201d said Works Minister Datuk Seri Fadillah Yusof at the 8th Malaysian Construction Summit.<\/p>\n

The event was organised by Masters Builders Association Malaysia and supported by CIDB.<\/p>\n

Bank Negara has raised the country\u2019s gross domestic product outlook to between 4.3% and 4.8% this year and analysts have a consensus view that it will be driven by primary sectors and construction projects.<\/p>\n

Fadillah said construction sector\u2019s growth is largely driven by the private sector, with some of them have gone abroad to bid for jobs.<\/p>\n

\u201cFor example, four of our construction companies are in the run to bag the U$1.6bil project for the development of 3,000km highway in Rajasthan, India.<\/p>\n

\u201cIt will be based on the Swiss Challenge method whereby we are the one who submitted the proposal and the Rajasthan government will publish it for other people to compete.\u201d<\/p>\n

The outcome is expected to be made public in May, he said.<\/p>\n

To further strengthen the construction industry, Fadillah said the ministry, through CIDB, has proactively developed the construction industry transformation programme (CITP).<\/p>\n

CITP is a comprehensive five-year plan to transform the construction industry to be at par with its counterparts in developed nations by 2020.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Source from: The Star<\/p>\n","protected":false},"author":812,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","footnotes":""},"categories":[97],"tags":[],"class_list":["post-6679","post","type-post","status-publish","format-standard","hentry","category-media-news-en"],"yoast_head":"\nCIDB\uff1a\u5efa\u7b51\u4e1a\u4eca\u5e74\u5c06\u589e\u957f8% - IPM<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ipm.my\/cn\/cidb-construction-sector-to-grow-8-this-year\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CIDB\uff1a\u5efa\u7b51\u4e1a\u4eca\u5e74\u5c06\u589e\u957f8% - 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