MEGA PROJECTS: Malaysian construction companies eye contracts in India, Indonesia, Myanmar and Africa, says CIDB
Malaysian construction companies are poised to clinch RM5
billion worth of overseas jobs this year.
The Construction Industry Development Board (CIDB) says it is the value of estimated overseas projects identified as potentially feasible to be pursued this year.
Since January 2013, CIDB has facilitated potential overseas construction projects worth about RM5 billion to be explored by Malaysian contractors in India, Indonesia, Myanmar and Africa.
The projects include two highway constructions in Tamil Nadu, India, worth RM1.2 billion; affordable housing project in Yangon, Myanmar (RM320 million); development of a new airport
in West Java, Indonesia (RM2.6 billion); and a power and water infrastructure development (RM960 million) in Africa.
“Our record shows that in the past 12 years, many foreign countries, especially from the Middle East and North Africa, have chosen Malaysian construction companies to implement their
“With excellent track records, Malaysian construction companies would continue to be chosen by foreign countries to undertake their mega projects,” CIDB said in a statement recently.
It said in total, there are 115 Malaysian construction
companies that have ventured abroad, engaging in projects in about 50 countries.
These firms have been involved in 697 projects worth more than US$30 billion (RM99 billion), of which 619 projects had been completed while another 78 projects are under construction.
Data on export of construction for the past years illustrate a rise in export value, where nine projects worth RM3.9 billion were awarded in 2011 and 22 projects worth RM3.4 billion were
awarded in 2010.
"CIDB has undertaken various measures to enhance the work quality of construction firms so that they will continue to be entrusted with many more mega projects in the developing countries.
"Work done by Malaysian con-tractors overseas covered various mega and high impact projects such as highways, light rail transit, airports and power stations," it added.
Among Malaysian construction projects abroad include the steel structural work for the Burj Al Arab Hotel in Dubai, Gate District Towers in Abu Dhabi, the Abu Dhabi Al-Reem island development, a Formula One internatio-nal circuit in Bahrain, the Kha-lifa Olympic Stadium, the new Doha international airport, the Dukhan highway in Qatar, the Mumbai-Pune expressway in India and Bank of Sudan in Khartoum.