The value of Malaysia construction market is forecasted by GlobalData to grow by 3.5% in real terms in 2024, having grown by 5.0% in 2023. 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 2024, according to GlobalData’s construction projects database.
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1. KUL2 Hyperscale Data Center
The project involves the construction of a 256,000m2 data centre comprising 10 buildings with a consumption capacity of 256MW on 14ha of land in Cyberjaya, Selangor.
Construction work started in Q3 2024 and is expected to be completed in Q4 2025.
The project will be Vantage’s second data centre and is located adjacent to its existing campus (KUL1) in Cyberjaya. It also aims to provide low-latency connectivity to major cities in the region, including Singapore, Bangkok and Jakarta.
2. Iskandar Puteri Hyper-Connected AI-Ready Data Center
The project involves the construction of a 200MW data center in Iskandar Puteri, Johor.
Construction work commenced in Q3 2024 and is expected to finish in Q1 2028.
3. Johor North-South Expressway Expansion
The project involves the construction of an expressway road from four to six lanes between Yong Peng Utara and Senai Utara in Johor.
Construction work started in Q3 2024 and is forecast to complete in Q4 2030.
4. Plexus Bridgeview Electronics Components Manufacturing Plant
The project involves the construction of a 52,026m2 electronic components manufacturing plant on 8.09ha of land in Bandar Cassia Technology Park, Batu Kawan, Penang.
Construction work commenced in Q3 2024 and is expected to be completed in Q1 2027.
5. Sunway Ipoh Mall
The project involves the construction of a shopping mall on 9.2ha of land in Ipoh, Perak.
Construction work started in Q3 2024 and is expected to be completed in Q4 2027.
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.
