KUALA LUMPUR: The Construction Industry Transformation Programme (CITP) has seen Malaysian companies win RM4.85 billion worth of overseas projects from 2016 until December 2017.
The Construction Industry Development Board Malaysia (CIDB) said on a year-on-year basis, the value of these projects surged to RM3.14 billion in 2017, from RM1.71 billion in 2016.
“Through CITP, we aim to assist 10 more local construction companies to export their services globally to achieve the targeted collective export value of RM8 billion between 2016 and 2020,” CIDB Chief Executive, Datuk Dr Ir Ahmad Asri Abdul Hamid, said in a statement today.
CITP is a national agenda driven by the Ministry of Works through CIDB.
Ahmad Asri said to-date, 129 Malaysian construction companies had engaged in various construction projects in 63 countries.
“Most notably, Malaysian construction companies have secured a total of 620 international projects in India, Southeast Asia and the Middle East, valued at US$ 23.3 billion (RM90.79 billion),” he said.
Meanwhile, CIDB said it led a mission of 37 delegates from 28 local construction-related companies to explore opportunities in Malaysians-owned development projects in the United Kingdom (UK).
“This mission is part of the initiatives under the CITP, which seeks to create Malaysian construction champions to lead the charge locally and globally,” said CIDB Chairman Tan Sri Dr Ahmad Tajuddin Ali.
He said the main objective of the mission was to facilitate Malaysian construction industry players to undertake, execute projects and render services in the UK.
“One of the best ways to do this is to work together with Malaysian developers who are already involved in large-scale developments in the UK, particularly the Battersea Power Station Development,” he added.
The delegation also visited projects owned by EcoWorld Group, IJM Land Bhd and YTL Corporation Bhd.