Malaysia Construction Market Size, Trend Analysis by Sector, Competitive Landscape and Forecast to 2028
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GlobalData expects the Malaysian construction industry to grow by 4.4% in real terms in 2024, supported by an increase in foreign and domestic investment in the country and an acceleration of works on several infrastructure and energy projects. The Malaysian Investment Development Authority (MIDA) reported that the government had approved 5,101 foreign investment projects totalling MYR329.5 billion ($75.1 billion) in 2023. Pulau Pinang accounted for the highest proportion of FDI in Malaysia, at MYR71.9 billion ($16.4 billion), followed by Wilayah Persekutuan Kuala Lumpur at MYR58.3 billion ($13.3 billion), Selangor at MYR55.3 billion ($12.6 billion), Johor at MYR43.1 billion ($9.8 billion), and Kedah at MYR28.7 billion ($6.5 billion). The construction industry’s growth in 2024 will also be supported by works funded by Malaysia’s largest ever government budget, of MYR393.8 billion ($89.8 billion).
The construction industry is expected to register an annual average growth rate of 5.7% between 2025 and 2028, supported by investment in leisure and hospitality infrastructure, manufacturing facilities, roads and renewable energy projects. In September 2023, the government announced that MYR95 billion ($21.7 billion) would be invested through the New Industrial Master Plan (NIMP) until 2030 to expand the industrial sector and support the growth of the export sector
GlobalData’s Construction in Malaysia – Key Trends and Opportunities to 2028 report provides detailed market analysis, information and insights into the Malaysian construction industry, including –
– The Malaysian construction industry’s growth prospects by market, project type and construction activity
– Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Malaysian construction industry
– Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope
This report provides a comprehensive analysis of the construction industry in Malaysia. It provides –
• Historical (2019–2023) and forecast (2024–2028) valuations of the construction industry in Malaysia, featuring details of key growth drivers.
• Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
• Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
• Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
• Identify and evaluate market opportunities using GlobalData’s standardized valuation and forecasting methodologies.
• Assess market growth potential at a micro-level with over 600 time-series data forecasts.
• Understand the latest industry and market trends.
• Formulate and validate strategy using GlobalData’s critical and actionable insight.
• Assess business risks, including cost, regulatory and competitive pressures.
• Evaluate competitive risk and success factors.
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Frequently asked questions
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