Building sector eyes RM120b projects in 2013

KUALA LUMPUR: The construction industry is expected to secure RM120
billion worth of projects next year, the Construction Industry
Development Board (CIDB) said.

Its general manager (corporate
division), Ahmad Asri Abdul Hamid, said the projects would be mainly in
the oil and gas and transportation sectors.

"We estimate the
Petronas Refinery and Petrochemical Integrated Development (Rapid)
project in Pengerang would bring in RM60 billion and the Mass Rapid
Transit project, RM40 billion.

"If we add all these and other ongoing projects, it will accumulate to RM120 billion," he said.

He
told reporters this after officiating the soft launch of Ecobuild 2013
on behalf of CIDB chief executive Datuk Sri Dr Judin Abdul Karim.

Ahmad
Asri said the second half of the year would remain bullish as a result
of the 18.9 per cent growth recorded in the first half, and the uptrend
was expected to continue next year.

CIDB, in cooperation with
United Business Media (M) Sdn Bhd (UBM), will bring to Malaysia
Ecobuild 2013, the world's leading event for sustainable design,
construction and the built environment.

The event will gather
the construction and building industry to showcase their latest
designs, equipment, material and technology on sustainable building to
the regional market.

Malaysia is the first country in Southeast
Asia to host the event. It is also supported by the Ministry of Works
and the Ministry of Energy, Green Technology and Water.

Ecobuild 2013 Malaysia will be held at the Putra World Trade Centre from Sept 17-19, 2013. -- BERNAMA