Kuala lumpur: The Public Works Ministry (KKR) is conducting a comprehensive assessment to identify suitable mitigation mechanisms following the increase in construction costs due to geopolitical tensions in West Asia. Its minister, Datuk Seri Alexander Nanta Linggi, emphasized the need for collaboration with relevant agencies and industry players to address the issues affecting project implementation, cost structures, and the resilience of the construction sector's supply chain.

According to BERNAMA News Agency, the government is deeply concerned about the implications of rising costs, particularly due to the closure of the Strait of Hormuz, which has disrupted the global energy supply chain. Datuk Seri Alexander Nanta Linggi highlighted the necessity of addressing these cost increases within a comprehensive framework, noting the construction sector's significant dependence on fuel prices, logistics, and building material costs closely tied to international markets.

Since the primary cause of these rising costs is attributed to global geopolitical factors beyond domestic control, most countries are experiencing similar pressures. Therefore, the approach must be strategic, targeted, and data-driven. The minister shared these insights on Facebook, underscoring the importance of a well-planned response.

The Construction Industry Development Board Malaysia (CIDB) is set to strengthen its role as an industry coordinator by fostering cooperation with agencies and industry players. This effort aims to formulate policy recommendations and high-impact intervention measures to address the challenges. The government remains committed to ensuring the continuity of national development projects and maintaining the construction sector's stability through responsive, adaptive, and sustainability-oriented policies for the long term.