Of late, a growing number of foreign developers have ventured into Indonesia. Here are some updates from some research houses.
In 2018, the total construction projects market (Building and Civil projects, excluding Oil and Gas) is predicted to increase slightly by 3% compared to 2017. This compares with a rise of 3% as well for 2017 over the previous year. The total Indonesia construction market is expected to reach IDR 451,337 billion in 2018 of which 65% would be in the Civil sector and 35% in the Building sector, according to BCI Asia.
HKTDC meanwhile reports that Indonesia is one of the key beneficiaries of the Belt & Road Initiative, with China said to have invested up to US$87 billion in developing the country’s infrastructure, including some US$6 billion on the 142-km Jakarta-Bandung rail link, the country’s first high- speed rail service.