The value of Malaysia construction market is forecasted by GlobalData to grow by 3.5% in real terms in 2023, having grown by 5.0% in 2022. A key growth market will be the infrastructure market, with output rising by 3.9% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in Malaysia during Q3 2023, according to GlobalData’s construction projects database.
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1. Penang Chip Packaging Facility
The project involves the construction of a chip packaging facilities in Penang.
Construction work started in Q3 2023 and is expected to be completed in Q4 2024.
The project aims to expand manufacturing capabilities to meet the growing demand. It will create 4,000 operational jobs and 5,000 construction jobs. Buy the profile here.
2. The Klang Valley Double Track Rehabilitation: Phase II
The project involves the upgrade of 265km double-track rail lines around Klang Valley, Kuala Lumpur.
Construction work commenced in Q3 2023 and is expected to finish in Q4 2026.
The project aims to provide a good transportation network by replacing 25-year-old tracks with new foundations, which will enhance the existing rail network. Buy the profile here.
3. AirTrunk JHB1 Hyperscale Data Center
The project involves the construction of a data center with a consumption capacity of 150MW on 10.3ha of land in Johor.
Construction work started in Q3 2023 and is forecast to complete in Q4 2025.
The project aims to support digital transformation and regional growth. Buy the profile here.
4. Lithium Battery Production Facility
The project involves the construction of a lithium battery production facilities in Malaysia.
Construction work commenced in Q3 2023 and is expected to be completed in Q4 2027.
The project aims to supply local and Southeast Asian customers. Buy the profile here.
5. Serendah Solar PV Manufacturing Plant 8.8GW
The project involves the construction of a solar photovoltaic (PV) manufacturing plant with an 8.8GW capacity on 56.6ha of land in Serendah, Selangor.
Construction work started in Q3 2023 and is expected to be completed in Q1 2024.
The project intends to meet the growing demand for power in the region.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
