COMMENTARY

Looking Back, Moving Forward: Building A World-Class Construction Industry

The Malaysian construction industry is one of the key sectors of the country. The industry serves as a catalyst for the development of 120 industries and has consistently outperformed the national gross domestic product (GDP) since 2012.

In fact, the industry had achieved an astounding growth rate of 11.1 per cent throughout the period under the 10th Malaysia Plan, from 2011–2015, surpassing the performance of all other economic sectors in the country. In 2012, the construction industry registered a historical 18.1 per cent growth, as compared to the national GDP growth of 5.5 per cent.

This growth trend continued right up to 2016, when the industry grew by 7.4 per cent, once again outperforming the overall national GDP growth of 4.2 per cent.

Under the 11th Malaysia Plan (2016–2020), the construction industry is expected to expand by 10.3 per cent per annum throughout the Plan period.  

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