Bullish outlook for construction sector on job flows


MIDF Research reiterated its “positive” stance on the construction sector.

PETALING JAYA: The construction sector is expected to see a pick-up in job flows in the second half of this year (2H24), driven by infrastructure projects like the Penang light rail transit (LRT) and Mass Rapid Transit 3 (MRT3) in the Klang Valley.

Coupled with the strong demand for industrial buildings such as warehouses, data centres and semiconductor plants, the operating environment will likely remain favourable for the sector in Malaysia in the near term, leading to a bullish outlook.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

The parcel overhang
Zero abandoned homes�by�2030?
Unmasking housing market pricing abuses
Ringgit likely to trade cautiously next week ahead of key US data
Powering a new reinvestment cycle as demand surges
Up in Arms - or up the value chain?
Asia bonds for diversification
AI disruption fears rock markets
Private equity hits a sixer
Dubai luxe property keeps booming

Others Also Read