Tuesday, 14 February 2012

'Construction jobs worth RM90b seen in 2012'

Malaysia's construction industry is expected to record RM90 billion worth of projects this year driven by government and private projects, said the Construction Industry Development Board (CIDB).

Chief executive Datuk Seri Ir Judin Abdul Karim said private financing initiatives and public-private partnerships are expected to contribute the highest value of projects at RM32 billion, followed by government projects (RM24 billion), residential projects (RM13 billion) and other private investments (RM19 billion).

"The trend this year is expected to be in line with the trend for the previous four years where construction investment by the private sector averages about 65 per cent," he said at the International Construction Week 2012 programme here today. - Bernama

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