Indonesia’s entry in January 2025 into the BRICS multinational bloc has cemented its reputation as one of the world’s foremost developing economies and a key member of the Global South. With a population of 280 million and a land area larger than Germany, France and Spain combined, Indonesia offers enormous potential for construction and infrastructure development.

Construction is the fourth-largest sector in Indonesia’s economy and is rapidly expanding. In 2024, its construction market was valued at US$280bn, and it is forecast to reach US$300bn this year, buoyed by newly accessible financing channels such as via the BRICs-led New Development Bank, increased economic and technological exchanges with other BRICs powers such as China and the UAE, and the country’s steady march towards energy transition.

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