The publisher expects the Malaysian construction industry to grow by 4.4% in real terms in 2024, supported by an increase in foreign and domestic investment in the country and an acceleration of works on several infrastructure and energy projects. The Malaysian Investment Development Authority (MIDA) reported that the government had approved 5,101 foreign investment projects totalling MYR329.5 billion ($75.1 billion) in 2023. Pulau Pinang accounted for the highest proportion of FDI in Malaysia, at MYR71.9 billion ($16.4 billion), followed by Wilayah Persekutuan Kuala Lumpur at MYR58.3 billion ($13.3 billion), Selangor at MYR55.3 billion ($12.6 billion), Johor at MYR43.1 billion ($9.8 billion), and Kedah at MYR28.7 billion ($6.5 billion). The construction industry’s growth in 2024 will also be supported by works funded by Malaysia’s largest ever government budget, of MYR393.8 billion ($89.8 billion).
The construction industry is expected to register an annual average growth rate of 5.7% between 2025 and 2028, supported by investment in leisure and hospitality infrastructure, manufacturing facilities, roads and renewable energy projects. In September 2023, the government announced that MYR95 billion ($21.7 billion) would be invested through the New Industrial Master Plan (NIMP) until 2030 to expand the industrial sector and support the growth of the export sector
- The Construction in Malaysia - Key Trends and Opportunities to 2028 report provides detailed market analysis, information and insights into the Malaysian construction industry, including -
- The Malaysian construction industry's growth prospects by market, project type and construction activity
- Critical insight into the impact of industry trends and issues, as well as an analysis of key risks and opportunities in the Malaysian construction industry
- Analysis of the mega-project pipeline, focusing on development stages and participants, in addition to listings of major projects in the pipeline
Scope
- This report provides a comprehensive analysis of the construction industry in Malaysia. It provides -
- Historical (2019-2023) and forecast (2024-2028) valuations of the construction industry in Malaysia, featuring details of key growth drivers.
- Segmentation by sector (commercial, industrial, infrastructure, energy and utilities, institutional and residential) and by sub-sector
- Analysis of the mega-project pipeline, including breakdowns by development stage across all sectors, and projected spending on projects in the existing pipeline.
- Listings of major projects, in addition to details of leading contractors and consultants
Reasons to Buy
- Identify and evaluate market opportunities using the publisher's standardized valuation and forecasting methodologies.
- Assess market growth potential at a micro-level with over 600 time-series data forecasts.
- Understand the latest industry and market trends.
- Formulate and validate strategy using the publisher's critical and actionable insight.
- Assess business risks, including cost, regulatory and competitive pressures.
- Evaluate competitive risk and success factors.
Table of Contents
1 Executive Summary2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 Risk Profile
4 Construction Outlook
4.1 All Construction
- - Outlook
- - Latest news and developments
- - Construction Projects Momentum Index
- - Outlook
- - Project analytics
- - Latest news and developments
- - Outlook
- - Project analytics
- - Latest news and developments
- - Outlook
- - Project analytics
- - Latest news and developments
- - Outlook
- - Project analytics
- - Latest news and developments
- - Outlook
- - Project analytics
- - Latest news and developments
- - Outlook
- - Project analytics
- - Latest news and developments
5.1 Contractors
5.2 Consultants
6 Construction Market Data
7 Appendix
7.1 What is this Report About?
7.2 Definitions
7.3 CRI Methodology
- About the Publisher
- Contact the Publisher
Table 1: Construction Industry Key Data
Table 2: Malaysia, Key Economic Indicators
Table 3: Malaysia, Commercial Construction Output by Project Type (Real % Change), 2019-28
Table 4: Malaysia, Top Commercial Construction Projects by Value
Table 5: Malaysia, Industrial Construction Output by Project Type (Real % Change), 2019-28
Table 6: Malaysia, Top Industrial Construction Projects by Value
Table 7: Malaysia, Infrastructure Construction Output by Project Type (Real % Change), 2019-28
Table 8: Malaysia, Top Infrastructure Construction Projects by Value
Table 9: Malaysia, Energy and Utilities Construction Output by Project Type (Real % Change), 2019-28
Table 10: Malaysia, Top Energy and Utilities Construction Projects by Value
Table 11: Malaysia, Institutional Construction Output by Project Type (Real % Change), 2019-28
Table 12: Malaysia, Top Institutional Construction Projects by Value
Table 13: Malaysia, Residential Construction Output by Project Type (Real % Change), 2019-28
Table 14: Malaysia, Top Residential Construction Projects by Value
Table 15: Malaysia, Key Contractors
Table 16: Malaysia, Key Consultants
Table 17: Malaysia, Construction Output Value (Real, $ Million)
Table 18: Malaysia, Construction Output Value (Nominal, MYR Million)
Table 19: The Construction Market Definitions
Table 20: Risk Dimensions
Table 21: Ratings, Scores and Definitions
List of Figures
Figure 1: South-East Asia, Construction Output (Real % Change), 2022-28
Figure 2: Malaysia, Construction Output by Sector (Real % Change), 2022-24 and 2025-28
Figure 3: Malaysia, Risk Summary
Figure 4: Malaysia, Risk Regional Comparison
Figure 5: Malaysia, Construction Output Value (Real, $ Million, 2022 Prices and Exchange Rate), 2019-28
Figure 6: Malaysia, Construction Output Value, by Sector (Real, $ Million), 2019-28
Figure 7: Malaysia, Construction Value Add (2015 Constant Prices, MYR Million)
Figure 8: Malaysia, Loans Disbursed for the Construction Industry (MYR Million)
Figure 9: Malaysia, Value of Construction Work Done, % Change YoY
Figure 10: Malaysia, Construction Projects Momentum Index
Figure 11: South-East Asia, Construction Projects Momentum Index
Figure 12: Malaysia, Commercial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 13: Malaysia, Commercial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 14: Malaysia, Wholesale and Retail Sales, % Change YoY
Figure 15: Malaysia, Construction Loans Disbursed for Wholesale and Retail Trade and Restaurants and Hotels, % Change YoY
Figure 16: Malaysia, Tourist Arrivals, in Thousands
Figure 17: Malaysia, Industrial Construction Output by Project Type (Real, $ Million), 2019-28
Figure 18: Malaysia, Industrial Construction Projects Pipeline, Value by Stage ($ Million)
Figure 19: Malaysia, Manufacturing Value Add (2015 Constant Prices, MYR Billion)
Figure 20: Malaysia, Industrial and Manufacturing Production Indices (2015=100)
Figure 21: Malaysia, Total exports (MYR Million)
Figure 22: Malaysia, Infrastructure Construction Output by Project Type (Real, $ Million), 2019-28
Figure 23: Malaysia, Infrastructure Construction Projects Pipeline, Value by Stage ($ Million)
Figure 24: Malaysia, Value of construction work done civil engineering, in MYR million
Figure 25: Malaysia, Energy and Utilities Construction Output by Project Type (Real, $ Million), 2019-28
Figure 26: Malaysia, Energy and Utilities Construction Projects Pipeline, Value by Stage ($ Million)
Figure 27: Malaysia, Institutional Construction Output by Project Type (Real, $ Million), 2019-28
Figure 28: Malaysia, Institutional Construction Projects Pipeline, Value by Stage ($ Million)
Figure 29: Malaysia, Private Health Services Value Add (2015 Constant Prices, MYR Million)
Figure 30: Malaysia, Private Education Services Value Add (2015 Constant Prices, MYR Million)
Figure 31: Malaysia, Residential Construction Output by Project Type (Real, $ Million), 2019-28
Figure 32: Malaysia, Residential Construction Projects Pipeline, Value by Stage ($ Million)
Figure 33: Malaysia, Real Estate Value Add (2015 Constant Prices, MYR Million)
Figure 34: Malaysia, Value of Residential Construction Work Done (MYR Billion)
Figure 35: Malaysia, Loans disbursed for the purchase of residential property (MYR Million)
Figure 36: Malaysia, Headquarters of Key Contractors (% of Total Project Pipeline)
Figure 37: Malaysia, Headquarters of Key Consultants (% of Total Project Pipeline)
