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CIDB eyes RM110 billion worth of projects this year

Posted on February 15, 2013, Friday

KUALA LUMPUR: The Construction Industry Development Board (CIDB) expects the industry to secure approximately RM110 billion worth of projects this year, driven by the Economic Transformation Programme (ETP), said chief executive Datuk Seri Dr Judin Abdul Karim.

Last year, projects secured totalled an overwhelming RM120 billion, surpassing expectations for RM95 billion.

“The local construction industry did very well last year, registering growth of about 18 per cent higher compared with 2011, despite the weakening world economy.

“We see more projects streaming in this year and we expect the growth to be quite robust,” he told a press conference after signing the Corporate Integrity Pledge (CIP) yesterday, witnessed by Malaysian Anti-Corruption Commission chief commissioner Datuk Seri Abu Kassim Mohamed.

The pledge was signed as part of efforts to ensure responsibility, transparency and integrity in all dealings with the public and construction industry practitioners.

Judin said the board expected the industry to still be busy in the next few years with more MRT projects expected to be rolled out as well as other projects in the ETP.

On the overseas market, he said Myanmar and Indonesia could possibly offer huge opportunities given their big populations and increasing demand for infrastructure.

“Malaysian contractors have the experience and expertise to cater to their construction needs,” he said.

For the upcoming International Construction Week, organised by CIDB and to be held from March 25 at the Kuala Lumpur Convention Centre, India has requested a slot to highlight the opportunities available there, especially in the Delhi-Mumbai Industrial Corridor. — Bernama

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