|
Dear MBAM Members,
The year 2011 is coming to and end. Before we welcome 2012, lets us review our industry in 2011. According to the Construction Industry Development Board (CIDB) statistics, the total value of projects up to third quarter of 2011 is roughly RM49, 365.41 billion while the total value of projects up to third quarter of 2010 was RM57,344.93 billion. Furthermore, the construction quarter growth for 2011 is 3.8%, 0.6% and 3.0% for Quarter 1, 2011, Quarter 2, 2011 and Quarter 3, 2011 respectively. MBAM is concerned that if the trend is not checked, construction industry may record negative growth for the following quarters. |