PETALING JAYA: Construction companies with a track record in flood mitigation works are poised to benefit as the government aims to expedite flood mitigation projects in the coming months, says RHB Research.
The projects are a crucial aspect for the country’s infrastructure and the federal government has allocated RM11.8bil under Budget 2024 for this to be spread across 33 high priority projects.
Malaysia saw 983 flood incidents reported in 2022 versus 1,057 incidents in 2021, the research firm pointed out.
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