Latest news with #QilaaInternational
South China Morning Post
a day ago
- Business
- South China Morning Post
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.
Zawya
2 days ago
- Business
- Zawya
Qatar's Qilaa International to invest initial $2.5bln in Indonesia housing project
JAKARTA - Qatar's Qilaa International group will make an initial investment of about $2.5 billion in its project to build 1 million affordable housing units in Indonesia, its chairman said on Thursday. The chairman said the company will build 50,000 units of apartments soon. (Reporting by Stefanno Sulaiman and Ananda Teresia; Editing by John Mair)
Reuters
2 days ago
- Business
- Reuters
Qatar's Qilaa International to invest initial $2.5 bln in Indonesia housing project
JAKARTA, June 26 (Reuters) - Qatar's Qilaa International group will make an initial investment of about $2.5 billion in its project to build 1 million affordable housing units in Indonesia, its chairman said on Thursday. The chairman said the company will build 50,000 units of apartments soon.
