Malaysian Construction sector records over US$7,bn in value in Q2

Malaysian Construction sector records over US$7,bn in value in Q2

Selangor records highest value of construction work completed.

Construction work done in the second quarter of 2014 saw a 10.8% year-on-year growth to RM25.17bil with 9,875 projects — contributed mainly by non-residential buildings and the civil engineering sub-sector.

According to a release by the Department of Statistics on Monday, the value of construction work done in the second quarter grew 0.8% from RM24.97bil recorded in the first quarter.

In the current quarter, Selangor continued to record the highest value of construction work done at RM6.37bil, or 25.3% among the states.

“This was followed by Johor, RM4.45bil (17.7%)’ Wilayah Persekutuan Kuala Lumpur, RM4.31bil (17.1%); Sarawak, RM1.7bil (6.7%) and Sabah, RM1.62bil (6.4%),” it said.

The Department of Statistics added contribution of these five states accounted for 73.3% of the total value of construction works done.  The private sector continued to dominate construction activities by project owner, with a slight decrease of share from 72.6% in the first quarter to 70.2% in the second quarter.
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