(MENAFN- Qatar News Agency) Ala lumpur may 15 (qna) - the malaysian construction sector's output this year looks set to surpass last year's rm93 billion (us $28.85 billion) fueled by ongoing and new public sector projects.
the sector has seen a year-on-year growth of 20% for the first quarter boding well for the entire year's prospects said president of master builders association malaysia (mbam) matthew tee.
despite the sector unlikely to surpass the historical high of rm120 billion in 2012 outlook for the next five to six years looks rosy thanks to the government projects to bolster economy and build infrastructure he said.
the implementation of the ongoing economic transformation programme pan borneo highway in sabah and sarawak as well as public transportation projects such as light rail transit mass rapid transit high-speed rail link between kuala lumpur and singapore are expected to translate into a healthy growth for the sector.
however the mbam cautioned against the possibility of the construction sector overheating. "the government shouldn't implement all projects at one go but to carry them out periodically. "this will prevent the construction sector from overheating and help contain escalating raw material prices" tee said. (qna)
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