Malaysia: Construction covers Asia Pacific overview, Malaysia construction sector, construction industry master plan, sector performance, construction sector at international platform, supply and demand, raw material prices, and regulatory issues. It also covers the market trends and outlook, budget 2010, the 9th Malaysia Plan, construction opportunities under 9MP, stimulus packages and build-operate-transfer, plus the comparative matrix and SWOT analysis of the industry leading players: Gamuda Berhad, IJM Group, UEM Group Berhad and Sunway Group.
Executive Summary
The Malaysian economy contracted by 6.2% in the first quarter of 2009, the first contraction since the third quarter of 2001. Major sectors such as manufacturing, agricultural and services had declines across the board but the construction sector turned around to register a small positive growth, supported by the activities in the commercial and residential sub-sectors. Construction Industry Master Plan (CIMP) was tabled in 2003, is a comprehensive plan mapping the strategic position and future direction of the Malaysian construction industry over the next 10 years. According to the Master Builders Association Malaysia (MBAM) president, the construction sector’s annual turnover was around RM60bilion and the total investment in construction had increased by 17% y-o-y due to government policy.
The outlook for Malaysia’s construction sector is improving and MBAM foresees potential growth in the sector in 2009. The fluctuations of prices or raw material such as cement and steel were one of the profit influencing factors for the sector. Meanwhile, to stimulate the economy at bad times, the Malaysia government has introduced its first stimulus package in November 2008, which was about 1% of GDP (RM7billion), for projects with high-multiplier effects such as the expansion of airports (LCCT & Penang Airport), extension of LRT, electrification and double-tracking project (EDTP) and etc.
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