DUBLIN–(BUSINESS WIRE)–The “Construction in Indonesia – Key Trends and Opportunities to 2024” report has been added to ResearchAndMarkets.com’s offering.
Summary:
The Indonesian construction industry registered an annual growth rate of 5.8% in real terms in 2019. The construction industry is expected to continue to grow at a fast pace over the forecast period (2020-2024), notwithstanding short-term disruption and potential risks owing to the Coronavirus outbreak, particularly across Asia. President Joko Widodo, who retained his position in the April 2019 elections, is expected to continue to drive forward with large-scale developments, while the country is also attracting financial support from China for major infrastructure works under the Belt and Road Initiative (BRI). The industry’s output value in real terms is expected to rise at a compound annual growth rate (CAGR) of 5.59% over the forecast period.
The government plans to spend IDR571 trillion (US$40 billion) on the development of transport infrastructure in Jakarta by 2029. Under these plans, announced in March 2019, the government intends to build a 120km light transit railway corridor in the capital city. Additionally, in May 2019, the government announced plans to invest IDR6 quadrillion (US$412 billion) to develop the country’s overall infrastructure during the period of 2020-2024. This includes the construction of 25 new airports, highways, affordable houses and power plants. Furthermore, the government plans to add 430GW of new power plant capacity by 2050.
The short-term outlook for growth is clouded by uncertainty over the spread of the Coronavirus, known as COVID-19, as well as its impact on economic activity owing to the trade and tourism links with China. During the period of January-November 2019, 1.9 million Chinese tourists visited Indonesia, which accounted for 13% of the overall tourist arrivals. The government imposed a travel ban to and from China with an effort to prevent the spread of the Coronavirus, and due to these restrictions, the country is expected to lose IDR58.5 trillion (US$4 billion), according to the Indonesian tourism minister. Additionally, disruption to China’s manufacturing activities and regional supply chains will curtail commercial and industrial activity, as well as undermine investor confidence and have an adverse impact on construction spending. The forecast for construction output is based on a scenario in which the outbreak is contained during the second quarter of 2020, and economic and construction activity is ramped up in the second half of the year.
The Publisher’s Construction in Indonesia – Key Trends and Opportunities to 2024 report provides detailed market analysis, information and insights into the Indonesian construction industry, including:
Scope:
Reasons to buy:
Key Topics Covered:
1 Executive Summary
2 Construction Outlook: At-a-glance
3 Key Drivers and Risks
3.1. Economic Performance
3.2. Political Environment
3.3. Demographics
3.4. Risk Profile
4 Construction Outlook
4.1. All Construction
4.1.1. Outlook
4.1.2. Project analytics
4.2. Commercial Construction
4.3. Industrial Construction
4.4. Infrastructure Construction
4.5. Energy and Utilities Construction
4.6. Institutional Construction
4.7. Residential Construction
5 Key Industry Participants
5.1. Contractors
5.2. Consultants
6 Appendix
6.1. What is this Report About?
6.2. Definitions
For more information about this report visit https://www.researchandmarkets.com/r/kmu68t
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