Housing Task Force Head, Hashim Djojohadikusumo, said on Wednesday (26/2/25,) that Qatar will begin constructing 1 million apartment units in Indonesia in April 2025, as part of its commitment to support the 3 million homes program, a government initiative to address the country’s housing shortage, according to reporting from Jakarta Globe.
The Qatari investment for the first phase is estimated at USD 18 billion to USD 20 billion (approximately IDR 295 trillion to IDR 328 trillion). “The first project will start in April, after Eid,” Hashim said.
A memorandum of understanding for the project was signed on January 8 at the Merdeka Palace in Jakarta by Housing Minister Maruarar Sirait and Sheikh Abdulaziz Al Thani of Qatar’s Qilaa International Group.
Beyond the initial phase, Qatar plans to expand its investment to fund the construction of 3 to 5 million homes and apartments in both urban and rural areas, says Jakarta Globe, who add that Abu Dhabi’s Mubadala Investment Company is expected to invest in 1 million apartment units, further strengthening foreign participation in the program.
Hashim said interest from international investors is growing, with India, Singapore, and Turkey also expressing willingness to invest in Indonesia’s housing sector.
Jakarta Globe is reporting that Indonesia is offering idle state-owned land to investors, including properties managed by railway operator Kereta Api Indonesia, housing developer Perumnas, construction firm PTPP, as well as the Finance Ministry and the State Secretariat. These lands, mostly located in urban areas, will be surveyed by Qatari representatives to determine the initial development sites.
President Prabowo Subianto aims to build 2 million homes in villages and 1 million in cities annually as part of his effort to reduce Indonesia’s housing backlog, which currently stands at 12.7 million units.
Source: Jakarta Globe
Stock photo by SevenStorm JUHASZIMRUS on Pexels
