Construction in Indonesia - Key Trends and Opportunities to 2024
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当レポートでは、インドネシアの建設市場について分析し、全体的な市場構造や競争力、市場規模の動向（過去5年間の実績値と今後5年間の予測値）、部門別・活動の種類別 (新設・改修・解体)・コストの内容別 (材料費・設備費・サービス費用) の詳細動向、今後解決すべき課題、代表的企業のプロファイルなどを調査・推計しております。
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.
A major project on the horizon is the development of a new capital city. In April 2019, the president approved plans to relocate the country's capital city to East Kalimantan, a province on the island of Borneo, due to overpopulation and traffic gridlock in Jakarta. The current Indonesian capital is sinking by 25cm annually, making it one of the fastest-sinking cities among the world's coastal megacities. It is estimated that 95% of North Jakarta will be submerged by 2050. The cost of the project is officially estimated at IDR482.4 trillion (US$33 billion), and it is expected to take a decade to complete.
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.
GlobalData's Construction in Indonesia - Key Trends and Opportunities to 2024 report provides detailed market analysis, information and insights into the Indonesian construction industry, including -
This report provides a comprehensive analysis of the construction industry in Indonesia. It provides -