Property
Contractors eye more local jobs
Aliff Yusri | 06 Apr 2018 00:30
The value of domestic projects awarded to local contractors grew from RM94.4 bil in 2007 to RM229 bil in 2016

Foreign exchange fluctuations, pressure on margins and a bevy of infrastructure initiatives available back home are among the factors more Malaysian contractors are exploring domestic opportunities, according to the International Federation of Asian and Western Pacific Contractors’ Associations (IFAWPCA).

This comes despite continuing challenges in the domestic scene ranging from manpower shortages to issues in safety and health regulatory frameworks affecting regional players as well, with cross-border collaboration as the focus of the federation’s upcoming 44th IFAWPCA Convention.

“Malaysian ventures overseas have historically been driven by local players who have already made a name for themselves domestically,” says Construction Industry Development Board (CIDB) Malaysia chief executive Datuk Ahmad ‘Asri Abdul Hamid.

“When the number of available local projects declined around the year 2000, these contractors pursued projects in other markets. After expanding their capacity and competitiveness there, they are returning to Malaysia as contract availability continues to increase in recent years,” he adds.