[PRESS RELEASE] - Infrastructure and the Post Covid Recovery

“Ipsos survey shows Malaysians believe investments in infrastructure will be a key driver towards economic recovery. 84% of Malaysians agree that infrastructure investment will be important for Malaysia’s future growth and 74% say it should be prioritized as part of the country's economic recovery programme. In regard to the types of infrastructure projects, investments in infrastructure supporting growth of the digital economy for e.g. broadband, 5G, etc. should be the top priority.

The views of Malaysians are in line with many economists who believe spending on infrastructure and construction projects will jumpstart the economy and create the much-needed jobs for Malaysians. Due to the sector’s strong linkages to other parts of the economy, every job created by the sector has the potential to create additional 2 jobs indirectly.

Investment in the construction sector also provides the opportunity for a more localised economic stimulus. For example, most of the building materials used in the construction sector are often sourced locally, while local restaurants and grocery stores are often the beneficiaries of a new construction site” Kiranjit Singh – South East Asia Head for Ipsos Strategy 3