A rapidly growing working-age population, an increasingly stable economic outlook and a government committed to infrastructure development and market reform make Indonesia the smart choice for investors looking at South East Asia. Helen Roxburgh reports
The world’s fourth-most populous nation, and the largest archipelago on the planet, Indonesia is all about variety. From the golden beaches in Lombok to the peaceful Bali temples and the hustle and bustle of Jakarta’s gridlocked streets, there is something for everyone.
And the same is true for investors eyeing the region’s real estate sector. After a period of uncertainty, Indonesia’s economy is now growing at a faster rate than China’s. The country is set to see its economy rocket to overtake both Japan’s and Germany’s by 2050, according to PwC. With a rapidly growing nation of young, middle-class workers, Indonesia is ready to take its place on the world stage.
In February this year, Moody’s upgraded its outlook on Indonesia from stable to positive, in a boost for the country’s policymakers. Since sweeping into power in 2014, president Joko Widodo has been hunting for alternative growth engines in Indonesia and seeking modernisation to attract foreign investment. Moody’s upgrade followed a…