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KUALA LUMPUR: Malaysian and bumiputera contractors should always increase their capacity and capacity to be able to tender and implement other private sector projects, rather than simply relying on government projects, said Labor Minister Datuk Seri Fadillah Yusof (pix).
Fadillah, who is also a Chief Minister, said he believed that even small contractors, but with a good work record, would have no problem getting projects from the private sector.
“Looking at the government allocation for mega-projects, although the main contractors are selected from among the large contractors in the G7 category (unlimited bidding capacity), the small contractors still have the opportunity to compete for subcontracted work under the projects.
“I really hope that the Bumiputera contractors will continue to work hard, have the initiative and be competitive to take advantage of the opportunities available. Bumiputera contractors need to be more proactive and prepared for new challenges and common changes, ”he said opening the 41st Annual General Meeting of the Malaysian Contractors Association online here today.
In order to survive in the business world, he said, contractors must be able to identify opportunities, where there are many in Malaysia.
Fadillah said that contractors shouldn’t go in alone and focus only on areas or those that are already occupied, but should be more innovative and bold to explore new areas.
“Our country now needs more entrepreneurs with positive thinking, strategic and business savvy to face global competition.
“This is where contractors play a role in diversifying their activities. For example, in the fields of agricultural technology, oil and gas, information technology and multimedia, ”he said.
He said that up to 120 industries depend on the construction industry, and they include the production of building materials, logistics providers, developers and facilities management.
The construction sector, he said, is also very important because it employs 15.5 percent of the 8.5 million workers in the country.
“Therefore, the government is very sensitive to the impact and effect on contractors, especially in relation to the effects of the Covid-19 pandemic.
“Through the 2021 Budget, the government has allocated a total of RM15 billion to increase the implementation of infrastructure projects,” he added. – Called
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