Indonesia's construction sector – from the ground up
28 July 2016
Construction sector in Indonesia
Indonesia is one of the most populous countries in the world, and has a rapidly growing economy. In order to promote and sustain growth, the Indonesia government has promoted infrastructure development. The 15-year Master plan for Acceleration and Expansion of Indonesia's Economic Development (MP3EI) launched in 2010 outlines IDR 4,000 trillion worth of investment in key economic sectors, with approximately half envisaged to be channelled into infrastructure. The government also promulgated on 18 May 2016, the new List which has relaxed restrictions on foreign investors in certain areas, thus further liberalising the construction sector.
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