Indonesia’s close proximity and projected economic development will make it a strong trading partner for Queensland in the future – not to mention that Indonesia is a key regional leader in ASEAN of which $5.3 trillion of global trade passes through ASEAN’s waters each year.
Economy
Indonesia’s economy will evolve over the next five to 10 years into a modern economic powerhouse.
It is a dynamic, emerging market predicted to be a global top 10 economy by 2030 and have the third largest middle class in the world.
Drivers of demand will evolve as the country develops and the middle class grows.
Trade
Indonesia’s proximity to Queensland, demographics and ambitious development plans offer significant opportunities for Queensland companies.
Services that are in demand now such as project financing, design and management of infrastructure projects will change in five to 10 years to include personal financial services.
Healthcare will change from the provision of basic public hospital infrastructure to more specialist private healthcare delivery.
The middle class will increasingly demand more quality of life services such as aged care and child care.
The Queensland Government recently opened an office in Jakarta and appointed a new Trade and Investment Commissioner to strengthen its capacity to support Queensland businesses trading with Indonesia.
Indonesia opportunities
CurrentFuture
Current
- Roads
- Ports
- Hospitals
- Live cattle
- Education and training
- Project consultancy
- Smart phone solutions
- Coal, gas and geothermal
Future
- Mass transit, e.g. increased air travel
- Beef
- Financial services
- More advanced healthcare
- Aged care
- Renewable energy
- Insurance
- Superannuation
- Gourmet and functional food
- Sustainable design
- Eco living
- Alternative fuels
