PETALING JAYA, May 8 — A total allocation of RM180 billion in the construction sector for government and private sector projects will be up for grabs this year, according to...
Deputy minister of Finance i, Datuk Seri Ahmad Maslan speaks during KWAP contribution forum 2023 in KLCC on September 05,2023. Picture by Miera ZulyanaPETALING JAYA, May 8 — A total allocation of RM180 billion in the construction sector for government and private sector projects will be up for grabs this year, according to Deputy Works Minister Datuk Seri Ahmad Maslan .
“I cannot estimate the value of the tenders to be issued by the private sector. However, I estimate that 40 per cent of the RM90 billion allocated for government development expenditure will be given out in the middle of this year,” he said during the MIDF Luncheon Talk on “Awaiting take-off of construction sector” organised by MIDF Research here today.According to him, the projects to be tendered include school, hospital, clinic and road projects.
While slightly below the figures of the previous year, this presents promising and favourable opportunities for industry stakeholders, he said. In addition, Ahmad said, the construction sector’s impact on service exports saw a significant turnaround. “Nonetheless, among the issues that need to be given attention in the sector is the delay in project completion. There are too many requests for time extension from contractors,” he said.
Works Ministry Construction Sector
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