A result of decades of underinvestment, creaky infrastructure has long been the Achilles’ heel of the Indonesian economy. Around $6.8bn will be spent on power and some $29bn on water utilities and other services under the Master Plan for the Acceleration and Expansion of Indonesia’s Economic Development. The government is expected to fund 28% of the cost, with the rest coming from the private...
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Chapter | Infrastructure from The Report: Indonesia 2014
Chapter | Construction from The Report: Indonesia 2014
Increased government investment in infrastructure has helped unleash a boom in Indonesia’s construction sector. With rapidly growing demand for residential real estate, office buildings, industrial estates and other property across the archipelago, the construction sector is poised to see significant expansion. And, although the sector has declined since 2012, a new law that allows foreign...
Chapter | Real Estate & Construction. from The Report: Dubai 2014
Real estate transactions in Dubai totalled $64.2bn in 2013, up sharply from $42bn in all of 2012. The residential, retail, hospitality and industrial segments all experienced solid growth. Property sales jumped by more than 20% in 2013, with serviced apartments also recording strong growth figures. Demand for Dubai property seems to be coming from all corners of the world. According to the...
Articles & Analysis | Residential rebound: Rental prices are on the rise from The Report: Abu Dhabi 2014
Demand for prime residential properties rose in the first half of 2013, as government employees prepared to comply with a new rule requiring that they live within the emirate to qualify for the government housing allowance. Announced in 2012 and effective as of September 2013, the rule applies to Abu Dhabi’s 23,000 government employees, of which...
Articles & Analysis | Report update: Expanded price index provides additional data to the market from The Report: Abu Dhabi 2014
As construction projects ramped up in 2013, the Statistics Centre - Abu Dhabi (SCAD) announced plans to expand the number of indicators included in its monthly report on construction costs. By the end of the year, SCAD announced that it would begin monitoring the price of land and transport in the building material price reports, which currently...
Articles & Analysis | Investing in infrastructure: Road, rail, port, airport and utilities projects are all in the works from The Report: Abu Dhabi 2014
With the goal of upgrading existing facilities and laying the foundations for future economic growth, the Abu Dhabi government is investing billions in public infrastructure. Transportation and energy projects comprise about a third of planned or existing construction spending in the UAE, according to a recent report from ...