Weekly Industry News

Construction sector to drive growth

Weekly Industry News

Malaysia’s construction sector is poised for an upcycle with the potential revival of Mass Rapid Transit 3 (MRT3) project and expansionary 2021 Budget.

Some analysts expect the sector’s gross domestic product to grow about 15 per cent this year, reversing the 20 per cent contraction in 2020.

MIDF Research said the potential MRT3 rollout would boost sentiment on the sector.

The sentiment will also be fuelled by the government’s largest ever development expenditure in its expansionary 2021 Budget as well as a potentially strong earnings recovery and order book replenishment.

Media Title: The Star
Date: 07 Apr 2021

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