Two-Thirds of Our Partners are hosting their event in JAKARTA!

Since last year, two-thirds of our partners have chosen Jakarta, Indonesia as their destination for prestigious events, and here’s why:

Indonesia as a rising economic powerhouse

Indonesia, Southeast Asia’s largest economy, is rapidly emerging as a powerhouse. Boasting a GDP over US$ 1 trillion, it has navigated global challenges ranging from trade wars to the pandemic with impressive resilience and growth. Source.

With recent global supply chain issues and rising labor costs, Indonesia is a prime candidate for the China+1 strategy. The country boasts a huge labor pool, a growing middle class, and rich natural resources. Standard Chartered Bank projects Indonesia’s economy will grow from US$4.2 trillion in 2020 to US$10.1 trillion by 2030, making it the world’s fourth-largest economy in purchasing power parity.

For investors looking to expand beyond China, Indonesia offers a massive market with incredible growth potential.

It’s no surprise that Indonesia is emerging as a hotspot for new market opportunities. Let’s delve into the compelling reasons driving this shift;

Strategic Location

Indonesia is strategically positioned as a prime gateway to the ASEAN and broader Asia markets. This makes it an ideal choice for businesses seeking a China+1 destination. Located along key shipping and transport routes, Indonesia offers unparalleled access to some of the world’s most dynamic economies. Its strategic location not only facilitates easy trade and logistics but also positions businesses to tap into the growing consumer base across the region. For companies looking to diversify and expand their reach, Indonesia provides a unique advantage with its connectivity and strategic market access.

Growing Economy

Indonesia’s economy is booming, consistently achieving a GDP growth rate of over 5%. This steady growth is largely driven by robust domestic consumption, which accounts for approximately 60% of the GDP. This vibrant consumer market offers a wealth of opportunities for businesses looking to expand. With a large and growing middle class, Indonesia’s economic momentum shows no signs of slowing down, making it an attractive destination for investment and growth.

Government Reforms

Indonesia’s government is driving economic growth with a clear and ambitious vision. By focusing on creating a business-friendly environment, the government is making it easier for foreign investors to enter the market. Strong incentive schemes and reforms are paving the way for a more open and dynamic economy. These proactive measures are designed to attract international businesses, offering them a range of benefits and streamlined processes. With these reforms, Indonesia is positioning itself as a prime destination for global investment, promising a bright future for both the economy and investors.

Ease of Doing Business

Indonesia is making strides in improving its ease of doing business rankings, creating a fair and favorable environment for foreign investors. With streamlined processes and supportive policies, navigating the Indonesian market has become smoother and more efficient. These advancements are not only attracting global businesses but also fostering a competitive edge within the region. As Indonesia continues to enhance its business climate, it solidifies its reputation as a promising destination for investment, offering ample opportunities for growth and success.

Large, young labor force

Indonesia boasts a vast labor force of nearly 137 million workers, making it one of the largest in the world. What’s more compelling is the demographic: the median age is below 30, highlighting a youthful and dynamic workforce. This abundance of young talent not only fuels productivity but also presents a significant advantage for industries seeking innovation and growth. With a burgeoning pool of skilled and motivated workers, Indonesia stands out as a prime destination for businesses looking to capitalize on a youthful workforce poised for success in the global market.

Special Economic Zones

Indonesia is actively developing Special Economic Zones (SEZs), designed to attract and support investment with compelling incentives. These zones offer attractive benefits such as tax incentives extending up to 20 years, creating an enticing environment for investors seeking long-term stability and growth. By concentrating resources and infrastructure in designated areas, Indonesia aims to boost economic development and enhance competitiveness on a global scale. These SEZs not only foster innovation and industry-specific clusters but also promise significant returns for businesses looking to expand their footprint in Southeast Asia’s dynamic market landscape.

Growing Positive Investment List

Indonesia’s Positive Investment List is expanding opportunities for foreign investors across more than 200 business sectors, spanning crucial industries like transportation, energy, and telecommunications. This progressive approach reflects the country’s commitment to openness and growth, creating a favorable climate for international businesses to thrive. By welcoming foreign investment in diverse sectors, Indonesia not only stimulates economic development but also fosters innovation and competitiveness on a global scale. With clear pathways and supportive regulations, the Positive Investment List positions Indonesia as a forward-looking destination for strategic investment, promising mutual benefits and sustainable growth in key sectors.

Growing Consumer Spending

Indonesia’s population exceeds 237 million, fueling a dynamic surge in consumer spending. With a rapidly expanding middle class and a services sector contributing over 40% to GDP, the country presents a vibrant market ripe with opportunities. This robust growth in consumer spending underscores Indonesia’s economic resilience and potential as a key player in the global marketplace. For businesses looking to tap into a burgeoning consumer base, Indonesia offers a fertile ground for innovation and market expansion. As the middle class continues to grow and diversify, the demand for goods and services is set to propel Indonesia’s economy forward, making it an exciting frontier for investment and growth.

Network of FTA’s

Indonesia has strategically signed over 14 Free Trade Agreements (FTAs), unlocking trade advantages across Asia, ASEAN, Europe, and beyond. This extensive network enhances market access and boosts competitiveness for businesses operating in Indonesia. By fostering closer economic ties with key global partners, Indonesia facilitates seamless trade flows and strengthens its position in the global economy. These FTAs not only provide preferential treatment but also open doors to new opportunities for growth and collaboration. For businesses seeking strategic advantages and expanded market reach, Indonesia’s robust FTA network offers a pathway to success in an interconnected world.

In summary, you might observe a parallel growth trajectory between Indonesia and China. Therefore, if you wish to capitalize on Jakarta’s potential before it reaches its peak, we possess the expertise to co-organize or manage your prestigious event specifically in Jakarta, maximizing your impact!

At BIGIT we specialize in crafting impactful experiences, not just organizing events. Ready to elevate your next event? Ready to make your next event a triumph? Contact us now to discover how our decade-long expertise in conferences and exhibitions across various industries can ensure your event’s success.–Reach out to us or? CLICK HERE to learn more!