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, highlighted that the assessment involves collaboration with relevant agencies and industry players, focusing on project implementation, cost structures, and the resilience of the construction sector's supply chain.

According to BERNAMA News Agency, the government views the implications of rising costs seriously, especially the impact of the closure of the Strait of Hormuz, which has disrupted the stability of the global energy supply chain. The increase in costs must be addressed within a comprehensive framework, as the construction sector heavily depends on fuel prices such as petrol and diesel, along with logistics and building material costs tied to international markets.

Datuk Seri Alexander Nanta Linggi mentioned that since the primary cause is global geopolitical factors beyond domestic control, the pressure of rising costs is also affecting most countries. Therefore, the strategy must be strategic, targeted, and data-driven, as posted on Facebook today.

The Construction Industry Development Board Malaysia (CIDB) will enhance its role as an industry coordinator by mobilizing cooperation with agencies and industry players to formulate policy recommendations and pragmatic, high-impact intervention measures. The government is committed to ensuring the continuity of national development projects and maintaining the stability of the construction sector through responsive, adaptive, and sustainability-oriented policies for the long term.