Overshadowed by developments in Selangor and Iskandar, Malaysia’s second- smallest state of Penang has quietly put together an impressive string of projects in recent years. Tucked in between the much larger Kedah and Perak states along Peninsular Malaysia’s west coast, Penang’s strong population growth coupled with a thriving real estate...
The real estate market has garnered attention from both foreign and domestic investors seeking a strong return on investment amid consistently low interest rates. However, the government is seeking to rein in residential property growth to limit broader economic damage in the event of a market downturn as well as to keep home prices affordable...
Spurred on by massive capital expenditure projects by both the government and the private sector in response to Malaysia’s strategic economic development plans, growth in the country’s construction sector has been outpacing GDP expansion in recent years. The government’s Economic Transformation Programme (ETP) and public-private partnership (...
Although infrastructure upgrades are supplying the construction industry with the biggest share of its projects, housing will remain an important source of work in the coming years. According to Kuwait Finance House, real estate projects account for 35% of ongoing construction projects in Saudi Arabia. With the government keen to bridge the...
Buoyed by prolonged government stimulus, Saudi Arabia’s construction sector is experiencing rapid expansion, with no shortage of contracts in any segment of the industry. From housing to utilities and transport infrastructure, public spending is driving the contracting industry forward. While operational challenges remain, including concerns...
Raising employment levels has been a core concern for the Saudi government for several years now. As the Kingdom looks to develop a more sustainable economy, based on higher-value products and strong productivity, it is also looking to deal with the unemployment rate and place more Saudi nationals in the labour market.
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