Constructions

The Malaysian construction material industry is set for significant growth in 2024, driven by strong domestic demand, government initiatives, and key projects like the East Coast Rail Link. The gross output value have risen from USD 28.4 billion to 46.6 billion in 2022. It is projected that the gross output value of construction sector will increase to USD 46.8 billion by 2024. Overall, the industry shows resilience and adaptability, focusing on specialized construction and infrastructure amid changing market dynamics.

Malaysia’s infrastructure consustruction industry is in it’s robust year. From 2010 to 2016, Malaysia’s infrastructure projects peaked in 2012 and 2016, with 2016 marking a 7-year high. From 2010 – 2016, Malaysian infrastructure construction projects have estimated values of RM30 billion with a forecast of 8.3% growth in 2017. Overall, Malaysia’s construction sector grew significantly from 2010 to 2016 and in align with the 11th Malaysian Plan for high-income status.

In 2016, Malaysia’s construction industry contributed 4.5% to GDP, with 40,558 companies offering comprehensive services, including building and electrical installations. In 2016, Malaysia’s building construction subsector was valued at RM 80.1 billion, with the private sector securing 70% of projects. Chinese contractors gained a significant share, winning 42% of projects in 2015, and are expected to remain influential despite recent investment slowdowns. Overall, the industry remains competitive and robust in performance trend.