JAKARTA, Indonesia, Jan. 26, 2016 /PRNewswire/ -- Increased and faster government spending, low energy costs and the recent Bank Indonesia (BI) interest rate cut are set to spur significant growth in the construction industry.
Key industry players forecast total cement consumption to grow more than 5% in 2016. This follows a rather limited growth of just 1% in 2015, according to Indonesian Cement Association (ASI) data.
After a remarkably sluggish first part of 2015, cement consumption rebounded thanks to the commencement of several infrastructure developments, toll roads and dam projects. These will continue to support cement consumption in the midterm as many projects will take years to finish. A fresh boost was also given by the applauded decision by the government to conduct early bids in 2015 for 2016 projects with the aim of speeding up government spending in the current year.
To learn more and meet the players that shape the industry, visit Concrete Show South East Asia in Jakarta during 14-16 September 2016. The leading business event and learning platform for the Concrete and Construction Industry in South East Asia gathers over 200 companies from 28 countries which share technology, insight and create real growth opportunities for Indonesia and the region.
Phone Number: +62 21 2930 5959 ext 138
SOURCE Concrete Show South East Asia - UBM