DUBLIN–(BUSINESS WIRE)–The “Indonesia Construction Market Size, Trends and Forecasts by Sector – Commercial, Industrial, Infrastructure, Energy and Utilities, Institutional and Residential Market Analysis, 2022-2026” report has been added to ResearchAndMarkets.com’s offering.
The construction industry in Indonesia is expected to expand by 5.8% in real terms this year, down from the previous forecast of 7.2%.
This downward revision is primarily attributed to construction industry constraints, such as rising raw material prices and supply chain disruptions in the first quarter of 2022. On a positive note, however, the government’s emphasis on maintaining low interest rates, bilateral and multilateral agreements, and trade policies will create favorable conditions for economic and industry growth this year.
Growth will also be supported by the government’s spending on short-term infrastructure projects, owing to the recovery from the coronavirus (COVID-19) crisis. The Ministry of Public Works and Public Housing (PUPR) announced an investment of IDR98.2 trillion ($6.8 billion) in June 2022 for the development of road and bridge projects, water resource projects, and housing projects by 2023.
Previously in March 2022, the PUPR had announced that it aims to complete the construction of 32 dams by 2024, including nine dams in 2022 alone.
Over the remainder of the forecast period, the Indonesian construction industry is expected to register an annual average growth of 5.8% from 2023 to 2026, supported by investments on transport, electricity, housing, and manufacturing projects. In March 2022, the government invited investors to invest in 47 sustainable projects, worth over IDR155.1 trillion ($10.7 billion).
Forecast-period growth will also be supported by investments as part of the 2020-24 National Medium-Term Development Plan (RPJMN) and the Electricity Procurement Plan (RUPTL) 2021-30. Additionally, the government’s plan to relocate Indonesia’s capital city away from Jakarta in August 2022, with a IDR490.7 trillion ($34 billion) investment, will boost the industry’s output in the short and medium terms.
Scope
Reasons to Buy
Key Topics Covered:
1 Executive Summary
2 Construction Industry: At-a-Glance
3 Context
3.1 Economic Performance
3.2 Political Environment and Policy
3.3 Demographics
3.4 COVID-19 Status
3.5 Risk Profile
4 Construction Outlook
4.1 All Construction
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 Construction Market Data
7 Appendix
For more information about this report visit https://www.researchandmarkets.com/r/fgep7z
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