2021, Indonesia Construction Market To Hit USD136.26 Billion

An expected rise in the value of the construction industry in Indonesia, from an estimated USD102.64 billion in 2017 to USD136.26 billion by 2021.

2021, Indonesia Construction Market To Hit USD136.26 Billion
Foto: Dok. RumahHokie.com

RumahHokie.com (Jakarta) – According to the latest Construction Technologies in Indonesia industry report prepared by TechSci Research, for Konstruksi Indonesia and The Big 5 Construct Indonesia 2017, ambitious deadlines and increased green building standards make efficient building management central in Indonesia.

Growing population, rapid urbanization, and increased disposable income are credited by the report as propelling a rise in construction market value from USD102,64 in 2017 to USD136,26 billion by 2021, thereby exhibiting a CAGR (compound annual growth rate) of 7,34%, in value terms, during 2017-2021.

As well as presenting a variety of upcoming projects that will take advantage of the increased market performance, the report highlights key building technologies and standards that are developing within the boom.

Listed projects include the national toll road project, national railway projects, and ventures in the energy and waste management sectors. Benefiting from the excelling market, these construction projects come hand in hand with tight deadlines; one of which is the five-year plan to construct 1 million houses across the country.

Green Building Trends
According to the report, the adoption of new building technologies is essential for the country to manage these tight deadlines. BIM Modelling is currently the most promising of such; being implemented in the Gran Rubina Complex project in Jakarta to help managers in achieving another trend in the industry – sustainable and green construction standards.

Green standards have been steadily growing in popularity in Indonesia since 2015 when the Indonesian government announced plans to reduce emissions of greenhouse gases by 29% by the end 2020. Green building regulation was signed by the Bandung government in 2016, and green building points are now awarded by the Green Building Council Indonesia (GBCI).

“The use of building technologies and green, sustainable performance products in the construction market, will become greatly popular on the back of mounting projects and building standards in Indonesia,” says Portfolio Exhibitions Director of The Big 5 Construct Indonesia, Andy Pert.

Konstruksi Indonesia and The Big 5 Construct Indonesia 2017
Running from November 8 to 10, 2017 at the Jakarta Convention Centre, hosted by The Ministry of Public Works and Housing, Konstruksi Indonesia 2017 and The Big 5 Construct Indonesia 2017 is the country’s leading platform for the infrastructure and construction industry.

Hundreds of local and international construction companies, from Spain to South Korea, will be showcasing the latest products and innovations such as concrete related products, construction tools, and general building materials.

Konstruksi Indonesia (KI) 2017 and The Big 5 Construct Indonesia 2017 will be co-located with Indonesia Infrastructure Week (IIW) 2017, a focused business-to-business exhibition for public and private stakeholders and investors.

Anto Erawan
anto.erawan@rumahhokie.com

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