PETALING JAYA: Malaysian construction companies are not likely to be hit by the debt crisis affecting Dubai, said industry players. Dubai has been struggling to ease fears of a massive debt default after it moved to delay repayments at two flagship firms, which has shook confidence in the Middle East as a centre for investment.
Master Builders Association Malaysia (MBAM) president Ng Kee Leen said most of the Malaysian construction companies had either pulled out or were at the tail-end of completing their contruction projects there.
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