KUALA LUMPUR: More mega infrastructure and property developments are expected to be launched in the second quarter of this year, said Works Minister Datuk Fadillah Yusof.
He said that construction sector growth remained firm at 9.6%, led by the civil engineering and residential sub-sectors.
He said this growth was supported by the progress completion of many construction works awarded in 2012 to 2013, particularly the Klang Valley Mass Rapid Transit Line 1.
“In the second quarter of 2014, we would expect more mega infrastructure and property developments to be launched that will support the sector’s growth,” he said in his speech before launching the Asean M&E (Mechanical, Electrical and Engineering) Show 2014 at Kuala Lumpur Convention Centre yesterday.
He noted Malaysia’s economy was expected to grow at a stronger pace between 5% and 5.5% this year on firm domestic demand and recovery in exports.
He said private investment was expected to continue its double-digit growth supported by accelerated implementation of ongoing Economic Transformation Programme projects.
On the Asean M&E Show 2014, Fadillah said the event provided ample opportunities for regional mechanical and engineering industrialists to meet with global suppliers of raw materials, machinery, packaging solutions and contract services.
He noted that Malaysia served as a meeting point between Asia, South-East Asia and Europe to promote and market effectively products related to new technologies and innovation.
Did you find this article insightful?