CIDB: Construction sector to grow 8% this year

Summit launched: Fadillah (second from left) hitting the gong to mark the launch of the 8th Malaysian Construction Summit. With him are (from left) Master Builders Association Malaysia president Foo Chek Li, Department of Occupational Safety and Health director-general Datuk Mohtar Musri, summit organising chairman Eric Yong and CIDB chief executive Datuk Ahmad Asri Abdul Hamid.

KUALA LUMPUR: The construction industry is expected to grow by 8% this year, reflecting a total value of RM170bil underpinned by a number of mega infrastructure projects that will also make healthy contributions to the economy.

This will be an increase from last year, when the industry recorded a growth of 7.4% with a total value of RM166.4bil, according to data from the Construction Industry Development Board (CIDB).