A USD67.8 Billion Market

In Malaysia, construction of non-residential and residential buildings contributed between 40 to 55 percent of the total construction market between 2006 and 2009.

Construction sector increased by 5.7% for the year 2009 in spite of the global slowdown.

The market revenues for building construction reached approximately $7.21 billion in 2008 and $6.67 billion in 2009, and will potentially hit the $9.00 billion mark by 2015.

Between 55 to 60 percent of the building construction market was accounted to non-residential construction in terms of revenues and number of projects in 2008 and 2009.

Frost & Sullivan finds that the revenue growth of non-residential building construction is higher than residential building constrution by 3 to 5 percent annually until 2015.

Overall building construction market would be elevated in growth with the implementing 10th Malaysia Plan ( 2011 - 2015 ). Development expenditure by the Government of Malaysia is expected to be $67.80 billion ( approximately MYR230 billion ).

The 2010 budget reported that the construction industry recorded positive growth and has the potential to be further developed with the implementation of various Government development projects In 2010, an allocation totaling RM9 billion was provided to finance infrastructure projects including road and bridge projects, water supply and sewerage services, rail facilities, ports and sea services and airport projects.

See also : 1. Asia's No.1 Event On Sustainable Building, Design & Construction
2. Greenbuild Asia 2012 An Integrated Industry Event
3. Regional Market Updates - Asia
4. Malaysia A USD67.8 Billion Market
5. Asia Green Building Summit 2012
6. Exhibit Profile
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On behalf of the Construction Industry Development Board Malaysia ( CIDB ), it is indeed my pleasure to welcome all participants and delegates to Kuala Lumpur for the 1st Asian International Expo & Conference on Sustainable Building, Design & Construction - GreenBuild Asia Expo, which will be held in 2012.
We at the CIDB believe that sustainable building, design and construction systems are important options as they give more positive impacts to the industry as well as to the development of the country itself.

Datuk Ir. Hamzah Hasan
Chairman, CIDB
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