INDONESIA PROJECT INVESTMENTS
Indonesia is a country in Southeast Asia, consists of over 17,000 islands, including among the biggest ones Sumatera, Java, Sulawesi, Kalimantan and Papua. Indonesia is the world’s largest achipelagic state at 190,5 millioa Hectares with over 280 million people, making it the world’s fourth most populous country and the most populous muslim majority country.
As the only G20 member state in Southeast Asia, Indonesia has the largest economy in the region and is classified as a newly industrial country. Indonesia’s GDP was USD 1,186.9 billion in 2021 making it the world’s 17th largest economy by nominal GDP. Services are the largest sector (43.4%), followed by industry (39.7%) and agriculture (12.8%).
Relatively steady inflation and increase in GDP deflator and the Consumer Price Index have contributed to strong economic growth in the recent years between 4% to 6% per year. During the first year of the global COVID-19 pandemic, Indonesia suffered its first recession since the last time in 1997, but recovered in 2021 with strong comeback derived from micro, small and medium businesses trades.
Primary industries are fishing, petroleum, timber, paper products, cotton cloth, tourism, petroleum mining, natural gas, bauxite, coal and tin. Main agricultural products are rice, coconuts, soybeans, bananas, coffee, tea, palm, rubber, and sugar cane.
These commodities make up a large portion of the country’s exports, with palm oil and coal briquettes as the leading export commodities. In addition to refined and crude petroleum as the primary imports, telephones, vehicle parts and wheat cover the majority of additional imports.
Indonesia is planning to rebuild all infrastructures including, harbours, energy and power plant, toll roads, sea toll conectivities, transportations and public services. The capital city of Jakarta is no longer can accommodate such an aggressive growth and the Government planned to move to new capital city Nusantara located in East Kalimantan. The development of this new capital city will be the national priority and is already started. The budget will be at least USD 35 billion and this is not included cost required to build all private supporting facilities.
This new capital city development will be the biggest project in the world in 2024 to 2030 and it will requires participation from not only local and regional parties, but also from all over the world, as it was predicted that regionals’ resources can only bring to 60% of the total required.