Expanding your Business in Southeast Asia’s Largest Market

Welcome to the 3rd Indonesia Smart Building Smart City Week 2019 - the premier dedicated biennial trade fair for ICT technology implementation in the overall urban activity, intelligent transport, and smart building system & automation.

Construction Firms Find Strong Growth in East Indonesia
(Surabaya as Indonesia 2nd Largest City)

Indonesia's emerging economy is in dire need of better infrastructure, while rising personal income is driving demand for residential and commercial property. These factors put the country squarely on the radar of the global construction industry. Indonesia's construction industry, already worth 10% of the country’s massive GDP, will grow into one of the largest in the world in the coming decade. For suppliers, investors and exporters in every single sector of the building and interiors industries, the South-East Asian archipelago economy offers unequalled opportunities for short and long-term returns.

With a huge population nearly to 260 million, high infrastructure spending and rapid urbanization, Indonesia is developing at an unprecedented rate. High promising econimic growth, and increasing demand for new and retrofit building offices and comercial buildings, the demand for lift & escalator products and tecnology is continue to growing.

Industry Overview

"It is expected that the number of skyscrapers in Jakarta to double by 2018 as developers tap into the booming demand for property. And within the next 5 - 10 years, Jakarta will be among the top of 20 ASIA City."

Latest News

ndonesia's construction industry is growing rapidly with growth expected to reach an average of 6.9 percent per year between 2017 and 2021. Of the more than four million buildings in Indonesia around 1,227 buildings are in Jakarta. Nevertheless, only 140 buildings or 0.035 percent, which have green building certification (green certified buildings). Meanwhile, the government needs funds of US $ 423 billion (Rp.5,557 trillion) for the construction sector. On the other hand, Indonesia has planned to reduce greenhouse gas emissions by 29 percent by 2020, by making firmer regulations for the construction industry as a hope to improve sustainable construction. This shows Indonesia's potential that needs to be utilized to make cities green.
Indonesia's construction market this year is projected to reach Rp 451 trillion, up 3% compared to last year. This amount exceeds other neighboring countries such as Malaysia which only has potential worth US $ 32 billion and Singapore worth US $ 24 billion. Based on BPS and the Ministry of PUPR database, the construction market figure has increased by 3% compared to 2017. The total construction project market in 2018 is predicted to be Rp. 451 trillion, 65% is civil works and 35% is building or building work.
The elevator market in Southeast Asia is at the growth stage. Of the four countries covered in the study, Thailand led the elevator demand in Southeast Asia by revenue and market share. This is followed by Indonesia, Vietnam, and the Philippines.
Suppliers of building materials are in a prime position to capitalise on Indonesia’s booming real estate market and rising investment in infrastructure. The construction sector has outpaced Indonesian GDP growth in recent years and plays an increasingly important role in the country‘s economy.
With its reliance on the domestic market and government-funded projects, the building materials sector should prove relatively insulated from global economic risks. While the threat of localised overheating in the property market must not be overlooked   Read More
Solar energy is another area of untapped potential within Indonesia’s renewable energy portfolio. As a tropical country, the sun offers huge energy potential of 532,579 MW but to date, Indonesia only derives 16 MW from solar power

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