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Indonesia, the office market is growing

The office market in Jakarta will continue to grow next year as domestic and international companies need new space to support business expansion – Indonesia tops the list of foreign direct investment recipient countries after international agencies have given her their “blessing”

Indonesia, the office market is growing

The office market in Jakarta, both in the business center and in more peripheral areas, will continue to grow next year, as domestic and international companies need new space to support business expansion. “The growing economy and increased activity are dragging down the industry,” explains Angela Wibawa, project leasing officer for Jones Lang Lasalle. Wibawa adds that the greatest demand will come not only from local companies, but from the many multinationals operating in the country. “The most active sectors are banks, insurance and telecommunications”. They, together with companies related to oil and raw materials and the pharmaceutical industry, create 75% of the demand.

Indonesia is currently at the top of the list of recipient countries for foreign direct investment after international agencies such as Fitch Ratings and Moody's gave the Asian country their "blessing" as a reliable country to invest in. FDI in Indonesia totaled US$5,9 billion in the second quarter of 2012, the highest figure in the country's history.

Currently the degree of occupancy of the offices in the Indonesian capital is equal to 90 percent.

http://www.thejakartapost.com/news/2012/10/18/office-market-eyes-strong-growth-next-year.html

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