Indonesia: capital growth
Indonesia’s cement sector has shown extraordinary resilience despite ongoing COVID-19 restrictions with consumption recovering. As domestic producers grapple with soaring energy prices and overcapacity, the construction of a new capital city will bring renewed demand.
By 2050 Indonesia’s population is forecast to reach 330m, with an urban population of 234m. In response to this rise in
urbanisation, the Indonesian government has pledged an infrastructure budget of IDR392trn (US$25bn) for 2023
