Market Research Report
Construction in Malaysia - Key Trends and Opportunities to 2022
|Published by||Timetric||Product code||273386|
|Published||Content info||39 Pages
|Construction in Malaysia - Key Trends and Opportunities to 2022|
|Published: January 31, 2018||Content info: 39 Pages||
In real terms, the Malaysian construction industry registered positive growth during the review period (2013-2017), supported by large-scale investments under the government's 10th Malaysia Plan 2011-2015. Under this plan, the government invested MYR175.0 billion (US$44.8 billion) to develop the country's overall infrastructure by implementing various projects in the transport, tourism, telecommunications, education, healthcare and retail sectors.
Over the forecast period (2018-2022), the industry is expected to expand, albeit at a relatively slow pace. The industry's expansion is expected to be supported by the government's ongoing efforts to promote economic growth through large-scale investments under the 11th Malaysia Plan (11MP) 2016-2020. This plan is part of the government's aim to achieve the status of a developed economy by 2020.
The industry is expected to remain vulnerable to fluctuating oil prices, as it heavily relies on oil sector revenues to finance infrastructure projects. The government is gradually taking measures to diversify the economy in order to reduce its dependence on the oil sector. The industry's output value in real terms recorded a compound annual growth rate (CAGR) of 8.73% during the review period, and is expected to post a forecast-period CAGR of 6.48%.
Timetric's Construction in Malaysia - Key Trends and Opportunities to 2022 report provides detailed market analysis, information and insights into the Malaysian construction industry, including:
This report provides a comprehensive analysis of the construction industry in Malaysia. It provides: