By SIOW NAN YEE/IZZAT RATNA
The construction industry must move away from old traditional practices to address the changing dynamics of the sector, says Works Minister Datuk Seri Fadillah Yusof.
He said the sector could not continue with the ‘traditional and routine’ ways of doing business as technology continues to dominate the world.
“One of the more immediate ways we can improve the construction industry productivity is to harness the power of mechanisation, automation and smart technologies,” he said at the International Construction Week (ICW) 2018 opening ceremony in Kuala Lumpur today.
He said productivity, efficiency, cost effectiveness, safety, and quality workmanship are the areas which the industry must strive to continuously improve.
Fadillah said the sector’s productivity has seen improvements with per worker contribution had almost doubled from RM22,464 in 2011 to RM40,105 in 2017.
“I strongly believe we can accelerate this growth further through technology and innovation,” he added.
Fadillah said Malaysia aims to reach RM62,000 per worker contribution by 2020.
According to Mckinsey Global Institute 2017 report, the global construction industry employs 7% of the world’s working population and is valued at US$10 trillion.
The value of global construction industry is projected to hit US$14 trillion by 2025.
The ICW 2018 brings together over 100 exhibitors and more than 10,000 attendees worldwide, comprising industry’s captains and key players.