Indonesia's 3 million homes push gets US$2.5 billion boost from Qatar
A Qatari firm has pledged a US$2.5 billion investment to help
Indonesia realise an ambitious affordable housing push, with plans to build 1 million homes over five years – a major contribution to President
Prabowo Subianto 's broader pledge to construct 3 million new dwellings during his term.
The initiative is expected to face complex challenges – from securing land and managing construction costs to integrating housing with urban infrastructure – but officials and experts say these could be addressed with the right policies and partnerships.
On Thursday, Sheikh Abdulaziz bin Abdulrahman Al Thani, chairman of Qatar's Qilaa International Group, announced that its Indonesian subsidiary would fund the construction of 100,000 homes in two phases as part of the broader target. A groundbreaking date has not yet been confirmed.
The initiative is part of the company's commitment to build 1 million homes in total over the next five years, according to Hashim Djojohadikusumo, head of a task force set up by the government to oversee the affordable housing scheme.
Hashim Djojohadikusumo, head of a task force set up by the Indonesian government to oversee the affordable housing scheme. Photo: Jonathan Wong
'We finished all the drawings. We have all our partners to start this project. I hope we succeed very strongly in this project, and we see [the houses] on the ground,' Sheikh Abdulaziz told reporters in Jakarta on Thursday.
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