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Adedokun, O, Aje, I, Awodele, O and Egbelakin, T (2022) Are the public tertiary education building projects devoid of risks in the Nigerian construction context?. Journal of Financial Management of Property and Construction, 27(02), 259-78.
Adinyira, E, Agyekum, K, Manu, P, Mahamadu, A M and Olomolaiye, P (2022) Lessening procurement deviations using procurement post reviews: evidence from Ghana. Journal of Financial Management of Property and Construction, 27(02), 199-219.
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Burford, N K and Smith, F W (1999) Developing a new military shelter system: a technical study in advanced materials and structures. Building Research & Information, 27(02), 64–83.
Deep, S, Bhoola, V, Verma, S and Ranasinghe, U (2022) Identifying the risk factors in real estate construction projects: an analytical study to propose a control structure for decision-making. Journal of Financial Management of Property and Construction, 27(02), 220-38.
Dehdasht, G, Ferwati, M S, Abidin, N Z and Oyedeji, M O (2022) Trends of construction industry in Malaysia and its emerging challenges. Journal of Financial Management of Property and Construction, 27(02), 161-78.
- Type: Journal Article
- Keywords: challenges; construction industry; economic growth; gdp; issues; Malaysia
- ISBN/ISSN:
- URL: https://doi.org/10.1108/JFMPC-08-2020-0054
- Abstract:
Purpose: The transition of Malaysia from a developing country to a developed country was considered in vision 2020, whereby an average construction contribution of 6.0% in growth domestic product (GDP) per annum was required. Despite this importance, still, the Malaysian construction industry has not reached the target yet. Understanding the weakness and strength of this industry can be an effective way to help the policymakers in selecting the best strategy in the promotion of the Malaysian construction industry in GDP growth. Hence, the purpose of this paper is to present an overview of the current issues and challenges faced by the contribution of the Malaysian construction industry in GDP growth. Design/methodology/approach: To achieve this objective, all the latest statistical data presented by the Department of Statistic and Construction Industry Development Board in Malaysia until March 2018 being collected and interpreted. Furthermore, through the literature review, the most significant challenges encountered by the Malaysian construction industry identified, compared and presented. Findings: The results highlight that the contribution of Malaysian construction into GDP is increasing with a gentle slope. Nonetheless, the Malaysian construction industry has a high impact on the employment rate. More investment in the construction sector is required to meet an average of 6% contribution in GDP. Also, to be able to seize new opportunities in the global construction market, more exerted efforts have to overcome the challenges faced by this industry. Practical implications: This study offers practical implications to policy and decision makers in the Malaysian construction industry. Despite the constant growth of the Malaysian construction industry in recent years, there is a need for more investments and overcome to challenges to encounter an average of 6% contribution in GDP. This study provides an overview and insights to investors, stockholders and managers to formulate a long-term plan promoting the efficiency of the Malaysian construction industry. Originality/value: This study through explaining, comparing and interpreting the real statistical data, through the tables, figures and graphs, simplified the understanding of the weakness and strength of the Malaysian construction industry. © 2021, Emerald Publishing Limited.
Elazouni, A (2009) Heuristic method for multi-project finance-based scheduling. Construction Management and Economics, 27(02), 199–211.
Horne, M, Hill, R and Giddings, R (1999) Visualization of photovoltaic clad buildings. Building Research & Information, 27(02), 96–108.
Huo, X, Yu, A T W, Zezhou, W and Jayantha, W M (2020) Site planning and design of green residential building projects: case studies in China. Engineering, Construction and Architectural Management, 27(02), 525–43.
Hyung, W G, Kim, S and Jo, J K (2020) Improved similarity measure in case-based reasoning: A case study of construction cost estimation. Engineering, Construction and Architectural Management, 27(02), 561-78.
Johari, S and Jha, K N (2020) Challenges of attracting construction workers to skill development and training programmes. Engineering, Construction and Architectural Management, 27(02), 321–40.
Lam, K C and Chow, W S (1999) The significance of financial risks in BOT procurement. Building Research & Information, 27(02), 84–95.
Li, X K, Wang, X M and Lei, L (2020) The application of an ANP-fuzzy comprehensive evaluation model to assess lean construction management performance. Engineering, Construction and Architectural Management, 27(02), 356-84.
Mallisetti, V, Dolla, T and Laishram, B (2022) Unpacking the framework of unsolicited proposal for public private partnership projects – the Indian case. Journal of Financial Management of Property and Construction, 27(02), 179-98.
Mellado, F, Lou, E C W and Becerra, C L C (2020) Synthesising performance in the construction industry: An analysis of performance indicators to promote project improvement. Engineering, Construction and Architectural Management, 27(02), 579-608.
Ng, S T, Fan, R Y C, Wong, J M W, Chan, A P C, Chiang, Y H, Lam, P T I and Kumaraswamy, M (2009) Coping with structural change in construction: experiences gained from advanced economies. Construction Management and Economics, 27(02), 165–80.
Nwaogu, J M, Chan, A P, Hon, C K and Darko, A (2020) Review of global mental health research in the construction industry. Engineering, Construction and Architectural Management, 27(02), 385–410.
Ofori, G and Toor, S-U-R (2009) Research on cross-cultural leadership and management in construction: a review and directions for future research. Construction Management and Economics, 27(02), 119–33.
Oyegoke, A S, Powell, R, Ajayi, S, Godawatte, G A G R and Akenroye, T (2022) Factors affecting the selection of effective cost control techniques in the UK construction industry. Journal of Financial Management of Property and Construction, 27(02), 141-60.
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van Mossel, H-J and Straub, A (2009) The need for customizing maintenance services in social housing. Construction Management and Economics, 27(02), 135–51.
Wang, X, Shi, L, Wang, B and Kan, M (2020) A method to evaluate credit risk for banks under PPP project finance. Engineering, Construction and Architectural Management, 27(02), 483-501.
Warsame, A (2009) Organizational modes in the residential building sector in Sweden. Construction Management and Economics, 27(02), 153–63.
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Yevu, S K and Yu, A T W (2020) The ecosystem of drivers for electronic procurement adoption for construction project procurement. Engineering, Construction and Architectural Management, 27(02), 411–40.
Zarghami, S A and Gunawan, I (2020) A domain-specific measure of centrality for water distribution networks. Engineering, Construction and Architectural Management, 27(02), 341–55.
Zhou, S, Ng, S T, Lee, S H, Xu, F J and Yang, Y (2020) A domain knowledge incorporated text mining approach for capturing user needs on BIM applications. Engineering, Construction and Architectural Management, 27(02), 458-82.
Zohrehvandi, S, Vanhoucke, M, Soltani, R and Javadi, M (2020) A reconfigurable model for implementation in the closing phase of a wind turbines project construction. Engineering, Construction and Architectural Management, 27(02), 502–24.