October, 2019 Where will the investment go and how will international infrastructure players participate? President Joko Widodo understands the link between infrastructure investment and economic growth. When first elected four years ago, he announced a US$350 billion infrastructure plan that promised to remove existing bottlenecks and improve access to infrastructure outside of the main island...Continue Reading
July, 2019 Indonesia’s recently re-elected President Joko Widodo on Sunday outlined his vision for a second term, pledging faster infrastructure development and more investment opportunities to create jobs and growth in Southeast Asia’s biggest economy. Hampered by soft commodity prices, Indonesia has struggled to lift growth above 5% in recent years even amid a boom...Continue Reading
May, 2019 Indonesia is drafting ambitious plans for more than $400 billion in building projects, from constructing 25 airports to new power plants, as the government seeks to stoke growth in Southeast Asia’s largest economy, according to the country’s planning minister. The sweeping proposal calls for a record 5,957 trillion rupiah ($412 billion) in investments from 2020...Continue Reading
The second phase of the MRT project, which will connect Sarinah on Jl. MH Thamrin with Kampung Bandan in North Jakarta, is scheduled to begin by the end of 2018. “We will continue [the project] by the end of the year […] The agreement with Japan is final,” MRT president director William Sabandar said on Wednesday as...Continue Reading
Chairman of the Indonesia Engineers Association Hermanto Dardak (front left) strolls through the Construction Indonesia and Concrete Show Southeast Asia 2018 exhibition at the Jakarta International Expo in Kemayoran, Central Jakarta, on Sept. 19. (JP/Riza Roidila Mufti) The production target for Indonesia’s precast concrete producers for 2018 has been set at 37 million tons, Precast and Prestressed Concrete Companies Association...Continue Reading
Jakarta, 17 January 2018 – Infrastructure, especially development of construction sector, is one of Joko Widodo’s prioritized programs in an effort to drive national economic growth because acceleration of infrastructure development will eventually drive the country’s economy. Indonesia’s competitiveness rank as listed in the “Global Competitiveness Index” improved from the 55th in 2008/2009 to 41st...Continue Reading
