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Construction sector sees remarkable growth this year — Minister

16 Nov 2023, 7:06 AM
Construction sector sees remarkable growth this year — Minister

KUALA LUMPUR, Nov 16 — Malaysia's construction sector has recorded remarkable growth this year, with an impressive 9,144 projects taking flight as of September, said Works Minister Datuk Seri Alexander Nanta Linggi.

These endeavours represent substantial investments totalling RM63 billion dedicated to private initiatives and RM84 billion for government projects.

About 91 per cent of the projects were managed by local contractors, a testament to their expertise in shaping Malaysia's infrastructure landscape.

“These statistics not only symbolise contracts but also embody progress, development, and the unwavering promise of a brighter future, and showcase the vibrancy of our construction industry.

“Today's infrastructural investments pave the way for enhanced connectivity, improved education, superior healthcare, and an elevated quality of life for every Malaysian," he said.

Nanta was speaking at the opening ceremony of International Construction Week (ICW) 2023 and Malaysia International Building and Construction Industry Showcase (BuildExpo Malaysia), held at the Malaysia International Trade and Exhibition Centre (Mitec) today.

Themed ‘Leading ESG in Construction’, ICW 2023 is the 22nd edition organised at Mitec from November 15 to November 17.

— Bernama

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