The National Construction Industry Council (NCIC) has rolled out the much-awaited Construction Policy that is set to foster economic growth and international competitiveness as opposed to the past.
NCIC chief executive officer Linda Phiri, speaking at, a Construction Policy Workshop held at Sunbird Mount Soche in Blantyre, said unlike in other countries, where construction contributes 10 percent of their gross domestic product, in Malawi, the contribution is a meagre two percent.
“This policy aims at improving the regulatory environment, enhanced capacity of local firms, increased participation of local firms, improved corporate governance, strengthened institutional framework and mainstreaming of cross-cutting issues,” she said.
Phiri said the policy is also in line with strategic goals of the Vision 2020 to realise a well-developed and maintained economic infrastructure as one of the key priorities.
Malawi’s Cabinet approved the policy in April this year followed by its launch by the Ministry of Transport and Public Works on June 25.
Before the development of the policy, Malawian firms, according to industry players, faced unfair treatment on issues regarding the awarding of contracts.