Research and Markets: Construction in Indonesia - Key Trends and Opportunities to 2018: Indonesian Government Signs an Agreement with the Dutch in 2013 to Construct Five Islands in the Region
DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/rrm9fp/construction_in) has announced the addition of the "Construction in Indonesia - Key Trends and Opportunities to 2018" report to their offering.
“Construction in Indonesia - Key Trends and Opportunities to 2018”
The Indonesian construction industry recorded healthy growth during the review period (2009-2013), expanding by an average annual rate of 7% in real terms. Owing to high investment, the construction industry posted a review-period compound annual growth rate (CAGR) of 27.11%. Industry growth is expected to remain strong over the forecast period (2014-2018), as a result of the government's focus on infrastructure and industrial construction, and the implementation of the multiyear Master Plan for the Acceleration and Expansion of Indonesia's Economic Development (MP3EI). Consequently, industry output is expected to rise at a forecast-period CAGR of 15.90%.
- With the aim of becoming a developed country by 2025, the Indonesian government launched the ambitious MP3EI program in 2011. In order to attract investment for the plan, which envisages spending of up to IDR4.0 trillion (US$428 billion) during 2011-2025, the government is taking steps to strengthen public-private partnership (PPP) regulations.
- In a bid to improve road networks in East Java, Central Java, East Kalimantan and West Kalimantan provinces, the Indonesian government announced its regional road development project in 2011, at an estimated cost of IDR3.3 trillion (US$380.5 million). The project is co-financed by the Asian Development Bank (ADB) and the Islamic Development Bank (IsDB), with loans of IDR1.5 trillion (US$180 million) and IDR570.1 billion (US$65 million) respectively. A contribution of IDR1.2 trillion (US$135.5 million) will be made by the Indonesian government. The project involves the construction and renovation of 476km of roads in the country's four provinces, which is expected to be completed by 2016. There is a clear need for improvements to be made to the transport systems to support the country's economic development.
- The residential construction market will be supported by government-led affordable housing projects. In 2012, the government announced its plan to construct 200,000 affordable houses for civil servants across the country. Construction is expected to be completed by the end of 2014.
-PT Bakrie & Brothers Tbk
-PT Wijaya Karya (Persero) Tbk
-PT Jasa Marga (Persero) Tbk
-PT Adhi Karya (Persero) Tbk
-PT Waskita Karya (Persero) Tbk
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