What mega projects will boost construction growth?

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Mega Projects Expected to Stimulate Construction Sector Growth

The Minister of Works, Baru Bian, expressed confidence in an anticipated improvement in the construction sector's growth for the upcoming quarter of 2019. This optimism stems from the expectation of significant developments driven by ongoing and re-evaluated mega projects. The Ministry of Works will also conduct a more detailed review of the Bank Negara Malaysia (BNM) report concerning the construction sector's performance.
Sector Growth Slowdown in Early 2019

Malaysia's construction sector experienced a marked slowdown in the first quarter of 2019, registering a growth rate of only 0.3 per cent. This figure represents a substantial decrease from the 4.9 per cent growth recorded during the same period in the preceding year, 2018. The overall Malaysian economy, however, saw a growth of 4.5 per cent in the first quarter of 2019.
Government Awareness and Future Developments

The government acknowledges the current performance of the construction industry and is committed to its advancement. Minister Baru Bian indicated that substantial progress is expected in the near future. This anticipated upswing is attributed to a number of mega projects that are either currently underway or are being reassessed.
Ministry to Scrutinise BNM Report

In response to the sector's performance data, the Ministry of Works intends to conduct a thorough examination of the Bank Negara Malaysia (BNM) report. This detailed scrutiny will focus specifically on the findings related to the construction sector. The ministry's review aims to gain a deeper understanding of the factors influencing the sector's growth trajectory.

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What mega projects will boost construction growth?

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