In Malaysia, the construction market is anticipated to increase by 7.1% year through 2022, reaching MYR 181,599 million.
Despite short-term difficulties in several areas of the building industry, Malaysia’s medium- to long-term growth story is still intact. In Malaysia, the construction sector is anticipated to expand gradually throughout the ensuing four quarters. A CAGR of 5.9% is anticipated to be recorded between 2022 and 2026 as the growth trend is anticipated to continue. By 2026, MYR 228,680.8 million is projected to be the nation’s building output.
The resuscitation of significant infrastructure development projects like the Mass Rapid Transit 3 is expected to support a significant resurgence in Malaysia’s construction industry in 2022. (MRT3).
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Source: businesswire
