KKR Expects Spending to Reach RM200 Billion in 2025

thecekodok


Malaysia's construction sector is set to receive a significant boost in 2025, with spending expected to reach RM200 billion.


Deputy Minister Datuk Seri Ahmad Maslan shared that the investment will fund major infrastructure projects, including roads, highways, bridges, slope repairs and building maintenance.


He outlined that RM88 billion will come from the government, RM32 billion from government-linked companies (GLCs) and investment-linked companies (GLICs), and RM80 billion from private sector contributions.


These projects are aimed at driving development that directly benefits the people, especially in underserved rural areas.


With the large-scale plan, the construction sector needs more skilled workers to reduce its reliance on foreign labour.


He highlighted the importance of initiatives such as the Malaysian Building Academy (ABM), which has trained over 70,000 skilled workers.


This year alone, ABM has certified over 4,500 workers, from youth trainees to experienced contractors.


ABM plans to train another 2,000 workers by 2025, to address the needs of a rapidly developing region like Johor.


Collaborations with organisations such as the Johor Petroleum Development Corporation (JPDC) are also expected to open up more job opportunities for young Malaysians in the construction industry.