Asia

Infrastructure development is a major driver of economic growth, says senior ministers | Malaysia

Senior Working Minister Datuk Seri Fadillah Yusof will speak during a question time in the House of Representatives on September 30, 2021. -Bernama Photo

Kuala Lumpur, September 30-Infrastructure development is an economy because infrastructure assets and services provide the basic physical and organizational structures that define the efficient functioning of the economy and its social dynamics. It is one of the main drivers of growth.

Therefore, access to reliable, quality, efficient and affordable infrastructure services is essential for reducing poverty, promoting economic growth, supporting social development and building resilient communities. Senior Working Minister Datukseri Fadirayusov said.

He stated this in a keynote speech at the 2021 Asian Economic Entrepreneurs Summit on “Building Sustainable Infrastructure for Economic Growth” hosted by the KSI Institute for Asia-Pacific Strategies and other partners. rice field.

The minister said Malaysia’s infrastructure development will receive significant support from the 12th Malaysia Plan (12MP) to help the sector revive the economy.

As the manager of infrastructure development in Malaysia, the Ministry of Labor is also promoting the internationalization of the construction sector with the aim of providing an environment that promotes economic growth and international competitiveness.

“In promoting trade, we continue to actively participate in the development of ASEAN Sector Mutual Recognition Agreements for Building and Construction Materials with the nine other ASEAN Member States.

“Currently, the three products specified in this Mutual Recognition Agreement (MRA) are rebar, glass and cement.

“MRA ratification aims to help save time and money in the process of importing and exporting these building materials,” he said.

Regarding the outlook for digitalization, Fadilla said the adoption of technological and innovative tools in the construction sector will further enhance knowledge and information on the implementation of sustainable practices.

“As Industry Revolution 4.0 is shaped around us, future construction sites will be” almost empty. “

“By 2050, robots will be working hard and autonomous cranes and excavators will be processed by social humanoid robots. This is the future vision of the construction sector for full-scale digitization within the ecosystem. “He said.

He expects robot applications to be deployed at construction sites by 2030, and the construction industry will leap forward in the sector in how to design, build, operate and maintain infrastructure, real estate and other construction assets. Reformed and remodeled.

Therefore, strong cooperation between the government and the private sector is essential to enable successful adoption and improvement of technology within the sector, he said.

“As I see, we are now given a special opportunity to face a special set of challenges.

“It goes without saying that governments, industry players, and various stakeholders need to synergistically converge on the adoption and innovation of brave new ideas to support the recovery of Malaysia’s construction sector,” he said. I added. -Bernama

https://www.malaymail.com/news/malaysia/2021/09/30/infrastructure-development-a-main-driver-of-economic-growth-says-senior-min/2009612 Infrastructure development is a major driver of economic growth, says senior ministers | Malaysia

Back to top button