Indonesia’s Construction Growth Remains Strong

• Proeksa Meas
• 4 October 2016
• Uncategorized
• 1049 Views

Indonesia’s construction industry has been growing at 8-9 percent annually and remains a key part of the nation’s future economic growth according to a report by Market Research Future (MRFR).

The MRFR report ‘Investment Analysis of Construction Industry in Indonesia (2016-2021)’ showed that construction accounted for 11.92 percent of Indonesia’s GDP in 2015, with infrastructure development contributing in turn to strong growth in the tourism industry.

A huge number of residential and non-residential construction projects have seen Indonesia become the second most productive and profitable construction market in Asia according to the report. Non-residential projects dominate the sector with 56.67 percent of the market, mostly focused on investment in long-term public works developments.