Malaysia's construction sector grows over 20% in 2Q24

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The Star 3h ago

Malaysia's construction sector grows over 20% in 2Q24 - The Star

Quick Summary:

KUALA LUMPUR: The construction sector recorded a 20.2 per cent surge in work done value to RM38.9 billion in the second quarter (2Q) of 2024, spearheaded by the buoyant performance of the civil engineering and residential buildings sub-sectors.

"The value of work done for non-residential buildings and residential buildings accounted for RM10.6 billion (27.4 per cent) and RM8.8 billion (22.6 per cent), respectively.

The Department of Statistics Malaysia (DoSM) said the civil engineering and residential buildings sub-sectors posted substantial double-digit growth of 25.2 per cent and 19.7 per cent, respectively.