According to GlobalData, the value of Malaysia construction market is forecast 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 top five commercial and leisure construction projects that commenced in Malaysia in Q4 2024, according to GlobalData’s construction projects database.
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1. AREA Data Centre Campus
The project involves the construction of a hyperscale data center on 63ha of land in Kedah.
Construction work started in Q4 2024 and is expected to be completed in Q2 2028.
2. Elmina Business Park Google Data Center
The project involves the construction of a data center and cloud region in Elmina Business Park, Sungai Buloh, Selangor.
Construction work commenced in Q4 2024 and is expected to finish in Q4 2027.
3. Elmina Business Park Hyperscale Data Center
The project involves the construction of a hyper-scale data center on 20ha of land in Sungai Buloh, Selangor.
Construction work started in Q4 2024 and is forecast to complete in Q1 2026.
4. Penang Gateway Mixed-Use Development
The project involves the construction of mixed-use development in Penang.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2027.
The project aims to better hospitality, residential and commercial facilities in the region. Buy the profile here.
5. Delapan SBEZ Data Center Park
The project involves the construction of a data center park on 63.13ha of land in Malaysia.
Construction work started in Q4 2024 and is expected to be completed in Q4 2027.
The project aims to be a catalyst for high-value job creation among the clients of cloud services and storage as well as encourage manufacturers of data center equipment and servers to localize production, which will in turn create more jobs and grow the local economy. Buy the profile here.
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.
