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BMI View: The real growth in Malaysia's construction sector is set to moderate over the coming years,
decelerating from an estimated 10.7% in 2015 to 7.8% in 2016 and 6.6% in 2017. Transport segment will
remain the bright spot, driving overall growth, while the non-residential segment will weight on growth.
Forecast & Industry Developments
? The real growth in Malaysia's construction sector will continue to moderate over the coming years,
decelerating from an estimated 10.7% in 2015 to 7.8% in 2016 and 6.6% in 2017. The transport segment
will outperform, driving overall growth.
? We forecast the transport sector to grow 9.5% in 2016 and at an annual average of 8.5% over our fiveyear
forecast period. The growth will moderate over the coming decade, averaging 7.3% per annum
between 2016 and 2025. The railways sector is forecast to outperform, averaging 8.9% growth per annum
between 2016 and 2020, supported by a large project pipeline. Growth in the roads and bridges sector
will also remain strong, averaging 8.6% between 2016 and 2020.
? The Memorandum of Understanding for the Kuala Lumpur-Singapore high speed rail was signed in July
2016 and MyHSR Corporation of Malaysia and Singapore's Land Transport Authority launched the
joint tender on 22 August with the aim of appointing a joint development partner to assist in the
development of the project. The tender is open to firms who have advised on large public private
partnership infrastructure projects including HSR projects of similar size and complexity.