Riding Indonesia’s Economic Growth: Key Sectors for Foreign Investors in 2024

As Indonesia continues to emerge as one of Southeast Asia’s most dynamic economies, foreign investors are increasingly drawn to its expanding opportunities. With a projected GDP growth rate of 5% in 2024, Indonesia presents a wealth of prospects for global businesses looking to capitalize on new markets and emerging sectors. Here’s a look at the key industries that will shape Indonesia’s growth in the coming year.

The Indonesian government is focusing heavily on driving digital transformation across multiple sectors, including manufacturing, health, and retail. Artificial Intelligence (AI), big data, and digital platforms are expected to play a pivotal role in shaping Indonesia’s future economy. Foreign companies can benefit from the government’s push for technology adoption, making it an ideal time to invest in tech-driven sectors​

Indonesia is committed to achieving Net Zero Emissions and transitioning to a green economy. Investments in renewable energy sources such as solar, wind, and hydropower are on the rise. The government is offering incentives for businesses investing in green technology, making it an attractive sector for sustainable business expansion​

With the global semiconductor demand rising, Indonesia is positioning itself as a key player in this sector. The government’s efforts to boost the semiconductor ecosystem offer vast opportunities for businesses involved in manufacturing, research, and development. Companies in the technology and electronics industries can expand operations here, supported by policies designed to encourage foreign investments in high-tech sectors​

Indonesia’s retail industry is set for growth, especially with the festive season approaching. In 2024, retail sales are expected to increase significantly as both local and international players tap into the growing middle-class consumer base. E-commerce continues to thrive, making it an ideal time for foreign businesses to enter the market or expand their digital presence​

Indonesia is heavily investing in infrastructure development, from transportation networks to urban development. These projects open up opportunities for foreign investors in construction, logistics, and infrastructure-related services. The government’s focus on improving transportation connectivity, including airports, ports, and railways, will support the growth of industries reliant on efficient infrastructure​

For businesses looking to invest in these fast-growing sectors, Accura offers a range of corporate services, including company formation, legal support, work permits, and business process outsourcing. Our expertise in navigating Indonesia’s regulatory landscape ensures that your business can quickly and effectively tap into the opportunities the country has to offer.