The value of Indonesia construction market is forecasted by GlobalData to grow by 1.2% in real terms in 2023, having grown by 2.0% in 2022. A key growth market will be the infrastructure market, with output rising by 3.2% in real terms. GlobalData tracks and profiles all major construction projects from announcement to completion. For further insight on this market, buy the latest profiles here.
Here are the five largest construction projects initiated in Indonesia during Q4 2023, according to GlobalData’s construction projects database.
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1. Container Port and Industrial Logistics Park
The project involves the construction of an international container port with a capacity of three million TEUs on 72ha of land and an industrial logistics park on 110ha of land in East Java.
Construction work started in Q4 2023 and is expected to be completed in Q1 2027.
The project aims to provide better logistic facilities and will enable trade in a rapidly growing economy. Buy the profile here.
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2. Sequoia Hills Sentul Residential Development
The project involves the construction of a residential development on 95ha of land in Bogor, West Java.
Construction work commenced in Q4 2023 and is expected to finish in Q1 2027.
The project aims to provide better residential facilities in the region with an Eco-Living concept and to become a one-stop living residence to facilitate the activities. Buy the profile here.
3. IKN Nusantara Infrastructure Phase III Development
The project involves the construction of infrastructure program in East Kalimantan.
Construction work started in Q4 2023 and is forecast to complete in Q4 2026.
The project aims to focus on development, such as reforestation of the national axis area, property development, electric transportation, and hospitals in the region. Buy the profile here.
4. Phase 1B Velodrome to Manggarai Integrated Highway Light Rail Transit System
The project involves the construction of a 6.4km Light Railway Transit System from Velodrome to Manggarai in Jakarta.
Construction work commenced in Q4 2023 and is expected to be completed in Q2 2026.
The project is part of the Indonesian government’s plans to ease traffic congestion and provide better transport facilities in the region. Buy the profile here.
5. IKN International Airport Development
The project involves the construction of an airport with a 3km long and 45m wide runway on 347ha of land in North Penajam Paser Regency, East Kalimantan.
Construction work started in Q4 2023 and is expected to be completed in Q4 2024.
The project aims to serve specifically for state officials, state guests, and military purposes. Buy the profile here.
For more details on the latest construction projects, buy the profiles here.
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GlobalData’s Construction Projects database tracks over 220,000 new construction projects valued at >$25m from announcement to completion across all countries and sectors.
