More infra projects up for grabs this year

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More infra projects up for grabs this year
InfrastructureprojectsJobawardsDatacentrecontracts
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Team USA ran away from Serbia for a 105-79 exhibition game victory on Wednesday in Abu Dhabi to improve to 3-0 on the team's pre-Olympics tour.

PETALING JAYA: The construction sector will likely see a further acceleration in awards in the second half of this year, driven by long-delayed big-ticket infrastructure projects.

It said in addition to data centre-led flows from the private sector, 2H24 could see the award of sizeable public infrastructure projects. “We believe the wave of investments into the country will continue to encourage development spending on critical enabling infrastructure like ports, airports, water infra, highways and railways,” it added.

In the second quarter of 2024, the construction sector saw award of RM13.8bil in contract value, making it the second highest quarterly flow since 1Q09 , only behind the record high achieved in 1Q16, when contract awards were driven by the Mass Rapid Transit underground, and Pan Borneo Highway Sarawak portion.

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