Discover the Billion-Dollar Boom: Indonesia's Construction Industry Secrets Revealed!
The construction sector in Indonesia has been experiencing remarkable growth in recent years, and this trend is expected to continue. This growth is largely driven by the government's infrastructure development initiatives, which have led to a substantial increase in investment in the construction industry. In 2021, the Indonesian construction industry recorded an impressive annual growth rate of 4.83%, according to data from the Indonesian Statistics Agency (BPS).
The government's commitment to infrastructure development is evident from the significant increase in infrastructure investment. In 2018, the investment in infrastructure rose to IDR 157.8 trillion (approximately US$11.3 billion), up from IDR 216.8 trillion in the previous year. This substantial investment contributed significantly to the country's economic growth, accounting for 1.28% of the overall economic growth in 2018, with an added value of IDR 184.4 trillion. This marked an increase from the 1.06% contribution in 2017, with an added value of IDR 146.9 trillion.
These investments have been directed towards various infrastructure projects, including the construction of dams, new public roads, bridges, and toll roads. These developments have not only improved the country's infrastructure but have also enhanced its competitiveness on the global stage.
Indonesia's rankings in global competitiveness indices have seen positive changes. In the World Economic Forum's Global Competitiveness Index, Indonesia's rank in the Quality of Roads category improved from 72 in 2014 to 60 in 2019, out of 141 countries. Similarly, in the World Bank's Logistic Performance Index, Indonesia climbed from 53 in 2014 to 46 out of 161 countries in its 2018 report.
While the COVID-19 pandemic had a significant impact on the construction industry in 2020, the sector has since rebounded and is poised for continuous growth. Various consultancy firms project annual growth rates ranging from 5% to 7% in real terms. This growth is attributed to the government's effective COVID-19 mitigation measures and the ongoing infrastructure projects.
One of the major upcoming projects is the relocation of Indonesia's capital city from Jakarta to East Kalimantan, estimated to cost $33 billion and take a decade to complete. To fund this ambitious project and others, the Indonesian government launched the Indonesia Investment Authority (INA), a Sovereign Wealth Fund. The government plans to inject over $5 billion into INA, with several countries expressing interest in investing through it, including the US, Japan, and Canada.
In conclusion, Indonesia's construction sector is poised for continued growth and remains an attractive investment opportunity. Despite short-term challenges like the COVID-19 pandemic, the government's commitment to infrastructure development, coupled with a stable political environment, low inflation, good credit ratings, and prudent macroeconomic policies, makes Indonesia's construction sector a promising prospect for investors. To navigate this competitive landscape, investors are advised to seek experienced local partners with established networks for a competitive edge.
References:
https://sertifikasi.co.id
https://duniatender.com
https://skk-konstruksi.com
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Revolutionizing Construction: The Game-Changing Impact of AI and Machine Learning by 2024
Have you heard about the exciting changes coming to the construction industry? The latest buzz is all about AI and how it's set to revolutionize the way construction projects are planned and executed. With AI, we can expect improved project planning, enhanced safety, increased efficiency, better quality control, predictive maintenance, and remote monitoring. And that's just the beginning! As the technology evolves, we'll see even more innovative uses of AI in the construction industry.
The construction industry is undergoing a significant transformation, thanks to the adoption of advanced technologies such as AI and machine learning. These technologies have the potential to revolutionize the industry, creating safer, more efficient, and more sustainable construction processes. In this blog post, we will explore how AI and machine learning are set to transform the construction industry by 2024. Here are some key points to consider:
1. Improved Safety
The construction industry is one of the most dangerous industries in the world, with many accidents and injuries occurring on construction sites every year. However, AI and machine learning can help to improve safety on construction sites by analyzing data from sensors and other sources to identify potential safety hazards. By detecting potential problems early on, workers can be alerted in real-time, minimizing the risk of accidents and injuries
2. Increased Efficiency
AI and machine learning can also help to increase efficiency on construction sites. By analyzing data from sensors and other sources, construction companies can identify potential bottlenecks and other issues that may impact project timelines. This can help to develop more accurate project schedules, reducing delays and increasing efficiency.
3. Cost Reduction
AI and machine learning can help to reduce costs on construction projects in several ways. For example, machine learning algorithms can be used to predict when equipment is likely to fail, allowing companies to schedule maintenance and repairs in advance, reducing downtime, and minimizing the risk of accidents. AI and machine learning can also be used to optimize construction processes, reducing waste and improving overall efficiency.
4. Improved Quality
AI and machine learning can help to improve the quality of construction projects by analyzing data from sensors and other sources to detect defects and other quality issues early on. By addressing these issues before they become more significant problems, construction companies can ensure that projects are completed to a high standard, reducing the risk of costly rework and delays.
5. Skilled Workers
One of the biggest challenges of adopting AI and machine learning in the construction industry is the need for skilled workers who can work with these technologies. As AI and machine learning become more prevalent in the industry, there will be a growing demand for workers who are skilled in these areas.
6. Data Privacy and Security
Another challenge of adopting AI and machine learning in the construction industry is the need for data privacy and security. With the amount of data that is generated in construction projects, there is a risk that sensitive information could be compromised. Construction companies will need to develop robust data privacy and security policies to ensure that confidential information is protected.
7. Sustainability
AI and machine learning can also help to create a more sustainable construction industry by optimizing construction processes and reducing waste. By reducing the amount of waste generated on construction sites, companies can reduce their environmental impact and create a more sustainable industry for the future.
In conclusion
AI and machine learning are set to transform the construction industry by 2024, creating a safer, more efficient, and more sustainable industry for the future. While there are challenges that must be addressed, such as the need for skilled workers and data privacy and security, the potential benefits of these technologies are significant. By adopting AI and machine learning, construction companies can improve safety, increase efficiency, reduce costs, improve quality, and create a more sustainable industry for the future.
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i’m catching up on tsv, i think something that eskew prod does extremely well is using horror absurdism to capture the absurd horror of capitalism. it’s clear in eskew too, but i think it’s especially fantastic in the silt verses. the casualness with which sacrifice is discussed. how red lobster has a god that has and continues to take human sacrifice, and so do cereal companies, cops, and the grueling start up that has a “fun room”. it captures EXTREMELY well how it feels to live under capitalism, that you’re constantly bombarded with horrible things, discussed cheerily in a nice tone. the way it’s simultaneously numbing, hysterical, and horrifying. i think i was especially fond of how in ep 39, protest against sacrifice was taken as radical, a propostorus, idealistic thing that’s just so SILLY it’s not even worth considering, something that feels very real to revolutionary organizing/protest irl. i also liked how despite the face, when everything gets down to it, when everything is about profit, all people come down to are bodies. all capitalism is a gaping maw, and it eats the poor and marginalized first, but doesn’t STOP eating just there. the very literalized version of this, where the profit wheel (and all that includes— war mongering, the prison industrial complex, wage labor, etc) is given a very real literal set of teeth, but the body count is the same. so the electric company has a god, and so it takes humans sacrifice. do real electric companies not have a very real human cost? overworked and underpaid labors looking to make rent, or well off comfortable employees no less likely to get the axe under profit margins, or the blood shed when colonizing in the first place, in clearing the space for the electric company to move in. is that not also a very real human sacrifice? the commercial aimed at elderly people talking about “back in my day, we would just talk about all this human sacrifice and find a compromise :)” is so bleakly hysterical, but is that not very accurate? that you can put a good face on it, but in the end what it comes down to is that you’re being sold the chance to be human fodder? that there is no glory or honor on a battlefield or in working yourself to death, just mud and shit and bodies to throw at problems. idk! i’m rambling but it’s a deeply engaging podcast.
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recoloured this old warmup to repost cause I had it on my mind.
If Clark is going to be in earth 19 (gotham by gaslight universe) (they're publishing more gbg and clark is going to be there), then listen to me listen to me, he needs to be a cowboy. Superman needs to be a cowboy in the big city. I am SOO serious about this. I am on my knees, DC, let me write for you, I would add so many themes about modern technology versus traditional knowledge and sprinkle in some anticolonialism PLEASE.
You could have a cute little Daily Planet that has to struggle against yellow journalism in a smoky little backroom & setting their own type, a la The Truth. You could have gentlemen's clubs. You could have a brutal war against unions in the streets and one lone titan of industry giving into their demands. You could have the exact same 3 batkids from the movie, there's literally nothing to improve on there. You could have Clark tear down a barbed wire fence with his bare hands, in a futile attempt to unravel colonialist ideas of private land ownership. Imagine the alien knows more about the earth, the real earth, than the knight in his city does. Imagine the American dream failing Clark, who has to go back east to the big city, failing Bruce, who lost his parents, failing everyone over and over until they decide to build something without it. In an era of rampant exploitation, what do real heroes look like?
Or you can make the justice league fight big steampunk robots ig I'm excited either way.
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