The value of Malaysia construction market is forecasted by GlobalData 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 five largest construction projects initiated in Malaysia during 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 International Airport Expansion
The project involves the expansion of the Penang International Airport to 113,005m2 from 54,582m2 with a capacity of 12 million passengers per annum, in Bayan Lepas.
Construction work commenced in Q4 2024 and is expected to be completed in Q4 2028.
The project aims to minimize congestion at the airport. The airport expansion will stimulate the local economy in terms of promoting the tourism sector and business developments in the region.
5. Penang Gateway Mixed-Use Development
The project involves the construction of mixed-use development in Penang.
Construction work started 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.
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.
