A rapidly growing urbanized, young, middle-class population are driving major construction projects in Indonesia. This population have an increased desire for local and international brands and these construction projects are looking for suppliers to meet these preferences.Due to its enormous domestic demand, Indonesia offers one of the most prosperous markets for interior design, fit-out suppliers and manufacturers. The response has been rapid development in several sectors, presenting huge opportunities for architecture and interior design.
– Current value of retail industry = $326bn
– 10% annual growth
– 5th on Global Retail Development Index
– 419,000sqm of retail projects scheduled
– Hotel construction value = $1.5bn
– Consistent double-digit growth
– Currently over 200,000 keys
– 15,000+ more rooms planned
– 25,000+ new apartment units planned in Jakarta
– Jakarta constructing 500,000 sqm office space annually between 2015-2018
– 12.5% YoY increase in office space
– 22,000 completed apartment units in Jakarta in 2016
As the leading economy in South East Asia and as a business hub for many international companies, Indonesia set as the perfect gateway to enter the South East Asian market. Indonesia’s strength includes its large number of population, stability, relatively low labor costs and the availability of raw materials.
As the fourth most populated country in the world, with more than 260 million people, Indonesia is considered as “Asia’s next big opportunity,” along with its fast-growing economy and favorable demographics.
Indonesia is not only a land of opportunity when sourcing products, but also an ever-unfolding market of savvy consumers with a hearty appetite for the latest interior design and lifestyle product design trends!
Hotels as one of the major hospitality industry, has nowadays developed aggressively in Indonesia. With the support and commitments from the government and other stakeholders, Indonesia’s tourism industry has strengthen its position as one of the leading leisure and business destination.
The Ministry of Tourism and Creative Economy believes that by 2019 the sector will need to generate: 120.000 rooms, 15.000 restaurants, 10.000 travel agencies, 300 international class recreation parks, 2.000 diving operators and 100 marinas. HVS estimates the necessity to provide 100.000 rooms and 700-800 hotels by 2022 (Indonesia Property Outlook 2017: Hotel Sector, by Ahmad Fauzan)
Source your interior design project needs from local and international exhibitors. These are exciting times, indeed!
Products that you will see on INDEX Indonesia & MOZAIK Housewares and Gift Show
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