Steady outlook seen for Malaysia's construction sector

More contractis: Total value of contracts awarded in May jumped to RM5.6bil from RM906mil in April due to contracts awarded for the KVMRT Line 2.

PETALING JAYA: KAF-Seagroatt & Campbell Securities (KAFSC) expects a steady outlook for the local construction sector, driven by heightened rollout of domestic infrastructure projects.

In a report yesterday, it said total value of contracts awarded last month jumped significantly to RM5.6bil from RM906mil in April, due to the sizeable contract awards for the Klang Valley Mass Rapid Transit (KVMRT) Line 2.