Growth of the Indonesian Construction Industry in 2024 Driven by Investments in Various Sectors

● The construction industry in Indonesia is projected to grow by 4.5% in 2024.

● This is further improved by investments in the transportation, renewable energy, manufacturing, and housing infrastructure sectors.

● The main sectors in the Indonesian construction market include commercial construction, industrial construction, infrastructure construction, energy and utilities construction, institutional construction, and residential construction.

● The focus is on developing basic infrastructure, ranging from providing clean water and electricity to waste management.

● The plan for phase II development from 2025 to 2029 will concentrate on core areas, including both primary and secondary public transportation facilities.

● Meanwhile, phase III development in 2030-2034 encompasses the development of industrial areas and other sectors.