KUALA LUMPUR: The value of construction work done in Malaysia in 2024 grew by 20.2% to RM158.8bil, according to the Statistics Department.
Chief statistician Datuk Seri Dr Mohd Uzir Mahidin said the quarterly value continued to rise in the fourth quarter of financial year 2024 (4Q24), surging 23.1% year-on-year (y-o-y) after recording a 22.9% growth in 3Q24, amounting to RM42bil in construction work done value.
“The vibrant performance was primarily driven by the buoyant y-o-y performance of the special trade activities and residential buildings sub-sectors, which recorded substantial double-digit increases of 44.9% and 38.9%, respectively,” he said in a statement yesterday.
The non-residential building sub-sector also contributed to the growth, recording a 24.6% y-o-y increase. Meanwhile, the civil engineering sub-sector continued to grow, albeit at a slower rate of 9.3%.
Mohd Uzir stated that of the RM42bil worth of work done in 4Q24, RM15.6bil or 37.2% involved the civil engineering sub-sector, primarily in the construction of roads and railways (RM6.9bil) and utility projects (RM6.8bil).
The value of work done for non-residential buildings was RM11.8bil (28%) and for residential buildings RM9.9bil (23.5%). — Bernama
