Participation Of Foreign Contractors In Construction Projects In Malaysia

Participation of Foreign Contractors in Construction Projects in Malaysia

Introduction

In recent years, Malaysia's construction industry has been on the rise with a whole host of newly-announced large scale projects which is seen as ongoing momentum to the industry growth. Given the expansion scale of the market, it is unsurprising that overseas market players, particularly foreign contractors have targeted at the opportunities offered by Malaysia's construction industry. This article aims to provide an overview on the compliance of foreign contractors with the registration requirements of the Malaysia statutory authority.

Regulatory Body

The Construction Industry Development Board ("CIDB") is a body corporate established under the Construction Industry Development Board Act 1994 ("Act") and is an agency under the Ministry of Works, Malaysia (Kementerian Kerja Raya Malaysia). The main functions encompass advisory, regulatory and to oversee the development