Business Opportunities In Indonesia, Indonesia’s construction sector is also one of the primary contributors to the country’s total revenue. It is the third-most valuable industrial sector in Indonesia when ranked by contribution to the economic growth of the country. The construction industry of Indonesia is expected to grow by 6.6% every year through 2022. Most of this growth is expected to be derived from the construction of civil construction and building construction projects. Indonesia’s construction market is the fastest-growing in Asia. This is the leading reason why locals and foreigners alike have become ever more interested in starting a business within the construction industry in Indonesia; because of this rapid rate of growth, much profit will be likely to follow.
The government of Indonesia understands how infrastructure projects contribute to the development and economic well-being of the country. For this reason, it has chosen to finance certain infrastructure projects which have been deemed to be of extreme importance due to their perceived present and future economic value. Among these projects to be constructed are two toll roads, an express train, a railway, 10 airports, and three ports.
The industries that have been mentioned in this article are all truly pivotal to the success of the Indonesian economy. There are many benefits, whether monetary or otherwise, available to anyone who starts a business in any of these business fields. Therefore, it would be a wise move for anyone who plans to start a business in Indonesia to seriously consider doing so in one of these business fields, for they are the ones which are the most conducive to making a considerable profit.
(Also Read: 10 steps to start your business)
3. Food & Beverage
Indonesia is also the biggest market for the F&B business. Since I enjoy eating out with my family and friends, there are many new restaurants open in malls and other locations, from famous restaurant chains in the US, Hong Kong, China. From fine dining, fast food, desserts, and drinks, they’re always crowded.
Some of the popular brands are Din Tai Fung, Crystal Jade, Chatime, Shareatea, etc. Not just franchises, but also some strong local players emerging like Ismaya Group – www.ismaya.com – they are probably the fastest-growing restaurant chain in Indonesia now.
F&B is a very competitive market here but if you know what you’re doing, you can reap great success here.
The stock market here is also extremely undervalued. I myself invest a lot in the stock market here thru mutual funds and unit-linked insurance products. Don’t try to do stock picking here, unless you know what you’re doing and have a lot of friends in the industry.
There are many dirty and tricky companies in the stock market here. It’s better to play safe and invest in the stock market via mutual funds and choose the largest fund house (Schroders Indonesia). You should not go wrong with them because here, the biggest players always have the edge.
Last but not least, in the e-commerce industry, it’s also started to enter a new phase of growth and I predict within 2 years, e-commerce will reach the booming phase. Hence I’ve started to enter the e-commerce market here this year by providing cloud hosting and other services.
6. Travel Agency
With over 17,000 islands in Indonesia, the country offers diverse landscapes and purposes to augment global visitors’ traveling experience.
Therefore, the tourism industry is thriving and provides many business opportunities for investors. More than 16 million foreign tourists visited Indonesian in 2019 alone, Business Opportunities In Indonesia.
The tourism sector and its potential business opportunities Indonesia, particularly travel agencies, are destined to grow continuously especially now the Indonesian government allows foreigners of 169 countries to visit Indonesia without having to apply for a visa.
Here’s how you can start a travel agency in Indonesia:
- Choose your business structure.
- Get a name for your business.
- Register your travel agency under the Tourism Law 2009 and Standard of Business Tourism Area 2014 Law 17.
- Obtain a Business Certification of the Tourism Sector.
7. Furniture Factory
A lot of people from Europe, America, and other continents source for their furniture from Indonesia. You could start a furniture-making factory which you would export to other countries for sale. You can also start a furniture remodeling business which involves getting broken or old furniture and remodeling them for sale.
A lot of expatriates, visitors and business tourists visit Indonesian regularly. This leaves enough room for people who want to invest in the tourism industry to make money. You can make money from starting your own hotel to provide accommodation to visitors or start an online hotel marketing service where people can book for hotels prior to their visit to Indonesia.Business Opportunities In Indonesia.
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