5 Lucrative Business Opportunities in Indonesia for Foreigners
October 07, 2021
There are many business opportunities in Indonesia for foreigners. Almost all of them will need you to use a rental warehouse, but with how immense the potential is, you’ll find the profits are way much more considerable.
As one of the most populous countries in the world, Indonesia promises business and investment. This abundance of people could be both workers and market for your products at the same time.
If you want to do some investment in Indonesia, you should start to reckon one of these 5 business opportunities.
Infrastructure & Construction
As one of the largest countries in the world, Indonesia is in desperate need of infrastructures development, mainly because it consists of thousands of islands.
Every island has the potential for natural resources, but they require adequate infrastructure support. And, that is not something that the Indonesian government could provide on their own.
Therefore, the Indonesian government has been boosting development throughout the archipelago. At the same time, it makes infrastructure and construction one of the most emerging business opportunities in Indonesia.
Tourism and Entertainment
Indonesia is a wonderland because of its many tourist destinations and cultures. Located in the reign of fire, between 2 oceans and two continents, Indonesia has fantastic natural places to visit
Aside from that, Indonesian people easily accept pop cultures from outside, such as western, K-POP, and Japanese anime. Many celebrities and pop icon culture get a warm welcome in Indonesia.
It makes Indonesia the best market for tourism and entertainment. For information, this sector contributes 4% to Indonesia PDB, or around Rp 633 trillion before the pandemic attack (2019).
Manufacturing is still and always be one profitable business in Indonesia. With government support by giving ease of permits, license, even tax provisions, this field business is blossoming rapidly.
Almost 25 million people work in this sector. Thus, it helps increase the number of middle-class citizens in this country. At the same time, this provides an abundant target market for various products from manufacturing industries.
Indonesia is 1 of the ten countries with the highest number of unicorns globally. Of 16 unicorns in South East Asia, seven belong to Indonesia.
While this country has many technology startups, many people still live in traditional ways. Thus, it still requires more technological advancements to bring Indonesian people to the gate of prosperity.
The executive director of the ICT institute estimates the market value of the startup industry in Indonesia will reach US$ 240 billion by 2025. So, startup business in Indonesia has a big chance to soar in this country.
Having a high number of citizens, Indonesia has become a lucrative target market for almost every business on the earth. So, every company with a valuable product should consider it.
As proof, the market transaction of e-commerce business in Indonesia grows tremendously every year. The number skyrockets from USD 14 billion to USD 17 billion and USD 23 billion by 2019, 2020, and 2021, respectively.
So, don’t miss this opportunity. Bring your business here and see by yourself how lucrative business opportunities in Indonesia are for foreigners.
If you need a rental warehouse as a base for your business, make sure to give us a call. We’ll provide you with the best warehouse to support your business in this country.