Malaysia's construction sector- the biggest steel consuming sector

Posted on 31 October 2014
 

Source: SEAISI
Malaysia's steel consumption grew significantly, at 12.6% y-o-y, to 10 million tonnes in 2013. More than 60% of the volume of the steel were consumed in the construction sector. The construction sector has been registering double digit growth rates since 2012 and it is expected that the growth rate in 2014 would be around 10%.

While the number of residential projects declined from 1,732 in 2006 to 852 in 2013, the value, however, increased significantly, from the share of 28% before 2006 to 30% of total project value in 2013. Likewise, non-residential projects also reduced by half in number of projects but the value increased from RM21billion in 2006 to RM50billion in 2013, resulting in the largest share of investment projects in the country.

The number of infrastructure projects has reduced significantly in 2014, from 1,947 in 2012 to 632 in 2013. This has resulted in the share of total value to decline from 36% in 2012 to 21% in 2013.

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All in all, it is projected that the total value of projects in the construction sector will expand from RM110billion in 2013 to RM120billion in 2014 and RM136billion in 2015.

Below is a list of infrastructure projects in Malaysia
-    Light Rail Transit (LRT) Iskandar Malaysia (RM1.24b)
-    East Klang Valley Expressway (K.L. Outer Ring Road) (RM1.55b)
-    West Coast Expressway (RM7b)
-    Sarawak-Kalimantan Transmission Line (RM3.04b)
-    TLP Malikai Deepwater Hull Project, Sarawak (RM2.4b)
-    Balingian 2x300MW Coal Fired Power Plant, Sarawak (RM2.58b)
-    Integrated Petroleum Project in Pulau Kuraman, Labuan (RM3b)
-    Corridor development (RM16b)
-    Upgrading of Kota Kinabalu, Sandakan, Miri and Sibu Airport and Kuala Lumpur
      and Langkawi International Airport (RM0.3b)
-    Special Fund for Tourism Infrastructure (RM2b)
-    1,000 telecommunication towers (RM1.5b)
-    Submarine cable to boost internet access in Sabah and Sarawak (RM0.9b)
-    33 new schools and upgrade existing schools (RM0.8b)
-    A double-track Ipoh-Padang Besar, Gemas-Johor Bahru and the upgrading of rail
     and track (RM2.9b)
-    Build and upgrade the dam and water treatment plant (RM1.2b)
-    Rehabilitation and upgrading of 437km of rural roads network (RM1b)
-    Flood mitigation project at Muda River, Muar River Basin, Bunus Riber and
     Pekan, Pahang (RM0.7b)
-    Construction of Tanjuung Karang Hospital, additional blocks for Jeli Hospital,
     upgrading Kuala Lipis Hospital and building 30 rural clinics RM22.1b)
Source: CIDB Malaysia


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