Is Jakarta A Good Location For Starting A Business? |
Jakarta is the capital city of Indonesia, as well as the country’s center of government, industry, and commerce. With a communications network capable of reaching out to any country in the world, Jakarta is currently the largest, most populated city in Southeast Asia (with an estimated population of over 10.2 million people). Jakarta also the hosted COMNETSAT 2014 (an international conference which focused on the development of international communications technology).
Economy of Jakarta
Jakarta is actually considered to be one of the most luxurious cities in Indonesia. Jakarta’s economy consists of a variety of financial services (many of which are designed to help the city’s population reach financial stability). Some examples of these services include:
According to their publication The Global Cities Index and Emerging Cities Outlook, expert financial and management consultant firm A.T. Kearney ranks Jakarta number one out of thirty five emerging world cities in terms of its potential to improve its global standing over the next few decades. A.T. Kearney also mentions, that even though Jakarta started out many years ago as a low-income city, it has recently become a middle-income city (and that growth will likely continue, due to the city’s persistent economic momentum and progress).
For entrepreneurs and startup companies, Indonesia is considered to be one of the best countries in the world for starting a business (due its network of global communications). Additionally, Jakarta’s concentration of foreign and domestic investments is the largest in Indonesia. Most of these investments help to directly fund Jakarta’s economy, allowing start up businesses to tap into a thriving economy.
Jakarta’s Business Sectors
Because of the recent population growth, Jakarta’s infrastructure now faces some amount of strain (due to the increased amount of transportation usage and energy/water consumption). To address these problems, Jakarta’s government has recently developed the implementation of new infrastructure design. This new infrastructure will increase the safety margin by:
-Creating additional power.
-Providing more clean drinking water and additional drainage control systems.
-Extending and repaving roads.
-Enhancing public transportation.
These changes will also create many new job opportunities, enticing business owners and potential employees to come to Jakarta.
The manufacturing industry of Jakarta is quite diverse and offers a wide variety of business opportunities. Jakarta’s manufacturing industry covers mechanical engineering, electronics, automotive parts, and medical equipment production. This diversity creates a large number of jobs for the local residents.
Because Jakarta is near popular tourist destinations like Bali and Yogyakarta, Jakarta often serves as the layover for foreign visitors and tourists. Business from tourism alone is a major contributing factor to the economic growth of Jakarta.
In their publication, Emerging Trends in Real Estate® Asia Pacific 2015, the Urban Land Institute (ULI) ranked Jakarta second overall in both the financial investment and property development sector. As the city's population continues to grow, the demand for new commercial buildings, marketplaces, high-rise apartments, and hotels has increased significantly. Profitable financial investments in real estate and property development attract entrepreneurs and private investors from all over the world.
Due to Jakarta’s rapidly growing middle class, Internet usage has skyrocketed in recent years. In fact, with over 90% of Indonesia’s Internet users now registered on Facebook, and 74% of Jakarta’s mobile device users actively connected to other social media networks, Jakarta is now considered to be one of the most active Twitter cities in the world. This makes Jakarta a great prospective location for starting an online business.
With a strong economy that has already demonstrated significant growth and progress, Jakarta is a great location for business opportunity in the coming years. Not only is Jakarta’s government committed to improving the city’s infrastructure, but also the local manufacturing, tourism, and real estate industry all contribute to the growing strength of the city’s economy for years to come. Jakarta’s economic growth has recently lead to the city’s dominance in Internet usage and connectivity, making it an ideal location for online business.
For more information about business opportunity in Jakarta and how to start your own successful online business see, The Business Success Blueprint
Edward Rosenberg is a professional business and marketing expert. He has studied, researched, and implemented dozens of various marketing methods for several businesses over the past 5 years. To find out more about Edward, Click Here
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