As stone industry is on rise, this is a perfect opportunity to enter the market not only for Indonesia, but also for South Asia. Jakarta is the home to the world’s 16th largest economy, Indonesia is booming thanks to the country’s domestic consumption and productivity growth.
As Indonesia’s real estate market has experienced growth in recent decades, the demand for building materials has skyrocketed. The domestic market for both the industrial and retail segment is thriving, with Indonesia’s key players rapidly expanding production capacity of high-demand materials such as concrete and metals. Inflation is high for imported building materials and infrastructure challenges make transporting materials logistically challenging.