Qatar’s Ambitious Investment to Transform Indonesia’s Urban Housing
Jakarta, Indonesia – In a significant move to address Indonesia’s urban housing challenges, Qatar has committed to investing at least $16 billion in the construction of one million residential units across the archipelago. This initiative aims to provide affordable housing solutions for the nation’s growing urban population.
Investment Details
Sheikh Abdul Aziz Al Thani, representing Qatar’s Qilaa International Group, announced plans to allocate between $16,000 and $20,000 for each residential unit. This substantial investment underscores Qatar’s dedication to strengthening bilateral ties and supporting Indonesia’s infrastructure development.
Focus on Vertical Housing
The project will prioritize the construction of vertical housing, such as apartments, in urban areas. This approach addresses the limited availability of land in cities and aims to provide adequate living spaces for middle to lower-income residents. Deputy Minister of Housing and Settlement Areas, Fahri Hamzah, emphasized the importance of this strategy, noting that many urban dwellers currently reside in substandard conditions.
Strategic Locations
Several densely populated areas have been identified for the development of these housing units, including regions in Jakarta, Banten, and West Java. In Jakarta, specific locations such as Kalibata, Senayan, and Kemayoran are under consideration. These sites comprise state-owned assets managed by various ministries and state-owned enterprises, ensuring efficient utilization of available resources.
Government Collaboration
The Indonesian government plans to collaborate with state-owned companies to support this housing initiative. Enterprises like Kereta Api Indonesia (KAI), PTPP, and Perumnas may provide underutilized urban land for the project. State-Owned Enterprise Minister Erick Thohir highlighted that leveraging such assets can expedite the development process and maximize resource efficiency.
Strengthening Bilateral Relations
This investment not only addresses housing shortages but also reinforces the strong relationship between Indonesia and Qatar. Sheikh Abdul Aziz Al Thani conveyed a message from Qatar’s Emir, Sheikh Tamim bin Hamad Al Thani, emphasizing the enduring bond between the two nations and Qatar’s commitment to supporting Indonesia across various sectors, including business and infrastructure.
Future Prospects
The Prabowo-Gibran administration has set an ambitious target to build three million homes annually, primarily for low-income citizens. Qatar’s substantial investment marks a significant step toward achieving this goal, promising to enhance the quality of life for millions of Indonesians and stimulate economic growth through job creation and improved urban infrastructure.
As the project progresses, it is anticipated that the collaboration between Indonesia and Qatar will serve as a model for international partnerships aimed at addressing urban housing challenges in developing nations.
DO follow gulf magazine on Instagram
for more information click here
Gulf magazine
