PETALING JAYA: The construction sector will benefit from the 38% jump in Budget 2021 development expenditure allocation to RM69bil although concerns about execution risks and political uncertainties remain, according to research analysts.
Maybank Investment Bank (IB) Research said it remained positive on the construction sector, as the surge in gross development expenditure presents sizeable order book replenishment opportunities to contractors over the medium term.
The research unit said the construction sector’s real output is expected to expand by 13.9% in 2021, after an anticipated 18.7% fall in 2020.
...