Indonesia’s proximity and projected economic development will make it a strong trading partner for Queensland in the future. Indonesia is also a key regional leader in ASEAN, with $5.3 trillion of global trade passing through ASEAN waters each year.
Indonesia’s economy will evolve over the next 5 to 10 years into a modern economic powerhouse.
It is a dynamic, emerging market predicted to be a global top 10 economy by 2030 with the third-largest middle class in the world.
Drivers of demand will evolve as the country develops and its middle class grows.
Indonesia’s proximity to Queensland, demographics and ambitious development plans offer significant opportunities for Queensland companies.
Current in-demand services such as project financing, design and management of infrastructure projects will change in 5 to 10 years to include personal financial services.
Health care will change from the provision of basic public hospital infrastructure to more specialist private healthcare delivery.
The middle class will also increasingly demand more ‘quality of life’ services, including education, health care, financial and business services, and recreation and leisure services.
TIQ recently relocated its the Jakarta office to new premises and appointed a new Queensland Trade and Investment Commissioner – Indonesia to strengthen its capacity to support Queensland businesses trading in the region.
- Live cattle
- Education and training
- Project consultancy
- Smartphone solutions
- Coal, gas and geothermal
- Mass transit (eg increased air travel)
- Financial services
- More advanced health care
- Aged care
- Renewable energy
- Gourmet and functional food
- Sustainable design
- Eco living
- Alternative fuels