Beautiful white-sand beaches, rich culture and history in their ancient temples, music and dances, and the warm, inviting nature of the people who live there, Indonesia is not just a popular travel destination for people around the world.
In the last decade, Indonesia has had significant economic growth, becoming Southeast Asia’s largest economy with a GDP of $888 billion, ranking 10th in the world.
“Indonesia is a country of big numbers and big opportunity. With 252 million inhabitants it’s the world’s fourth most populous country and the largest in south east Asia. Indonesia has 18,307 islands, over 742 different languages and a middle class larger than the population of Malaysia or Australia. Currently the 16th largest economy in the world, it is projected to be the seventh largest economy in the world by 2030. Doing business in Indonesia takes patience and perseverance. Companies should be prepared to invest time and resources in regular visits over a period of months, sometimes years, before seeing returns.”
Indonesia is likely to become a strategic location for international business. “60% of global growth is expected to come from Asia by 2025. Indonesia is part of ASEAN which has a free trade zone. It is also strategically placed to do business with India, China, Japan and Australia.”
While ageing infrastructure has proved to be a challenge for meeting production demands, the current government has plans to overcome this. “The Indonesian Government plans to spend $365 Billion USD to deliver major infrastructure plans in the transportation sector. $1.1 Billion USD of this will be through Public Private Partnerships (PPP).”
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