KUALA LUMPUR (April 11): The Malaysian construction industry is expected to grow by 8% in volume this year, underpinned by ongoing mega infrastructure projects, Construction Industry Development Board (CIDB) said. Last year, the construction sector grew by 7.4% to RM166.4 billion from RM140 billion in 2015, which was up 8.2%. Ahmad Asri said construction numbers, however, fell to 6,305 projects in 2016 from 7,455 projects in 2015. "When you have construction activity booming, it will drive the manufacturing and construction sectors, which in turn will drive the economy. Master Builders Association Malaysia president Foo Chek Lee said construction players are now more concerned about increasing their quality, safety and professionalism.

Source: The Edge Markets April 11, 2017 06:45 UTC