greater jakarta and surabaya seminar - building ... of indonesia’s largest cities: greater jakarta...

International Development Group © 2017 | Slide 1

Lure of Indonesia’s Largest Cities:

Greater Jakarta and Surabaya

Seminar

MND Auditorium @ JEM

4th May 2017International Development Group © 2017

- International Development Group presents -

"Doing Business Overseas" Seminar Series

Embassy of the

Republic of Indonesia

Singapore


WHAT were the seminar objectives?

TO SHARE ON THE TRENDS AND

CHALLENGES IN THE GREATER JARKATA AND

SURABAYA CONSTRUCTION

MARKET throughLure of Indonesia’s

Largest Cities: Greater Jakarta

and Surabaya Seminar

TO PROVIDE A NETWORKING

PLATFORM FOR LOCAL AND OVERSEAS INDUSTRY

STAKEHOLDERSthrough

networking sessions

during breaks

TO EXPLORE KEY PROJECT

OPPORTUNITIES FOR INDUSTRY

STAKEHOLDERS through the

presentations by overseas speakers

1 2 3


WHO attended the seminar?

more than 180local/overseas

industry

stakeholders

100companies

Attendees included

& many more

more than


Breakdown of Attendees

Architects11%

Consultants21%

Contractors25%

Developers9%

Government5%

Others6%

Suppliers23%


About Lure of Indonesia’s Largest Cities: Greater Jakarta and Surabaya Seminar

IDG has been organising Doing Business Overseas Seminars to share with the local industry insights on various overseas

markets since 2012. Lure of Indonesia’s Largest Cities: Greater Jakarta and Surabaya Seminar is the second seminar planned in

2017, which highlighted key opportunities, trends and challenges in the Indonesia construction market.

Opening Ceremony

of the 11th IGEBC 11th IGEBC Expo


At the Seminar Welcome Address

Mr Koh Lin Ji

Group Director

International Development Group

Building and Construction Authority (Singapore)

Master of Ceremony

Mr Eddy Susilo

Deputy Director

International Events Department

International Development Group

Building and Construction Authority (Singapore)


Keynote Speech

His Excellency Ngurah Swajaya

Ambassador of the Republic of Indonesia in Singapore

Provided an overview of political and business climate as well as construction progress in

Indonesia. He further shared on Indonesia’s vision to decentralise with rise of satellite cities

such as Greater Jakarta/Jabodetabek. Surabaya is also seeing high reforms with more

metropolitan management. Both cities are also receiving support in infrastructure development

to maintain its position as two most competitive and convenient regions to conduct business

within Indonesia. Indonesia looks forward to the support of more companies in building

townships within these cities.

Commemorating 50 Years of Diplomatic Relations : Singapore - Indonesia


Construction Industry and Outlook in 2017

Mr Lee Seng Chee

Partner (Advisory - Capital Projects & Infrastructure)

PricewaterhouseCoopers (Singapore)

Shared on Indonesia’s construction trends, regulations (including changes in the Negative

Investment List) and outlook in 2017. Indonesia Government’s infrastructure plans, priority

projects and progress were also shared. The seminar was also updated on current economic

developments.

Investment Opportunities in Indonesia 2017

Mr. Ricky Kusmayadi

Director

The Indonesia Investment Promotion Centre (IIPC) Singapore

Presented on foreign direct investments in Indonesia and targeted investment outlook in 2017.

Additionally, the seminar was updated on the revised Negative Investment List 2016 focusing on

tourism and the “New 10 Bali” – 10 opportunistic areas to be further developed. Some of these

areas are part of Indonesia’s Special Economic Zones (SEZ).


Setting up Business in Indonesia

Ms. Angeline Suparto

Managing Director

Angeline Suparto Law Corporation

Informed on key legal issues to consider when setting up business in Indonesia. This includes

the broad framework as well as prevailing laws and policies on Foreign Investment in

Indonesia. A step-by-step process on setting up business in Greater Jakarta and Surabaya

was also shared.

A Private Sector Perspective :

Prospective Building and Construction Developments in Indonesia

Mr. Lim Seng Bin

Managing Director

PT Grahabuana Cikarang (Jababeka Group)

Presented on construction developments in Jakarta satellite cities particularly Cikarang, the

Eastern Jakarta corridor. Additionally, the seminar was informed on growth and opportunities for

Singapore companies in Kota Jababeka.



Developments and Opportunities in Indonesia

Mr. Li Wen Xiu

CEO

Pollux International

Shared on opportunities and considerations when developing in Indonesia. One of the main

consideration elaborated was the importance of forging right partnerships. This has allowed

for many successful developments in Pollux, thus far.


Building and Construction In Indonesia : Challenges and Best Practices

Mr Tan Tiam Seng, Ronnie

Founder & President Director

PT Acset Indonusa Tbk

Presented on construction developments in Jakarta satellite cities particularly Cikarang, the

Eastern Jakarta corridor. Additionally, the seminar was informed on growth and opportunities for

Singapore companies in Kota Jababeka.


Q & AWhat are the infrastructural trends and how can Singapore companies embark on such projects?

Electricity, sea transportation and roads are the main focus of the Indonesia Government’s plans. While Singapore companies may have to compete with state-owned enterprise, working together with local players may be feasible particularly for projects with high value and require high-end technology such as High Speed Train (HST).

What are some factors to consider for private sectors investors in Indonesia?

Aside to infrastructure projects what are the building construction trends that can be seen now? The legal framework for projects may be

uncertain at times. Moreover, the judicial system cannot be fully relied upon to enforce contracts impartially and objectively. The procurement process, while improving are not always transparent. Policies and strategies may also be subject to change on short notice. Different public organisations may also be uncoordinated and have conflicting goals.

The top players in the building and construction industry are focusing more on high rise developments particularly apartments and offices. This is driven by the high demand from urbanisingpopulation and rising income. Such top players are PT Acset, Nusa Raya Cipta, TOTAL, Wika Gedung and Adhi PersadaGedung.


Presentation of Token of Appreciation

Presenting the Token of Appreciation

to His Excellency Ngurah Swajaya

Ambassador of the Republic of

Indonesia in Singapore


to Mr. Lim Seng Bin

Managing Director

PT Grahabuana Cikarang

(Jababeka Group)


to Ms. Angeline Suparto

Managing Director

Angeline Suparto Law Corporation

Executive Director (Services), Mr Choo Whatt Bin, presented the Token of Appreciation to all the speakers at the seminar


Networking Sessions


Feedback“It was useful to obtain ground experiences and challenges of projects in

Indonesia particularly from senior management of reputable organisations. It

somewhat equips Singapore companies to better prepare themselves when

undertaking similar projects in Indonesia.” Mr Daniel Ong

Deputy Project Manager

HSL Constructor Pte Ltd

Rate the quality of the seminar material

as good & above

* Based on survey forms returned

91%

89%

Rate the relevance and usefulness of the

topics as good & above88%

Rate the coverage and depth of the

paper as good & above

“The information was useful in understanding steps in setting up business in

Indonesia and changes in foreign ownership restrictions.” Ong Ting Guan

Director (Special Projects)

C@nspecs Pte Ltd

“Thanks for take the initiative to organise such meaningful event. We have

to explore out of Singapore for new business opportunities.” Jason Oh

Chief Operating Officer

BCEG International (Singapore) Pte Ltd


Thank You!

greater jakarta and surabaya seminar - building ... of indonesia’s largest cities: greater jakarta...

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