International Trade Fair – ConBuild Indonesia 2011, Further Endorsed by the Indonesian Government

The Ministry of Public Works has endorsed “ConBuild Indonesia 2011,” an international trade fair for Construction and Building that includes machinery, equipment, materials, vehicles, technology and services, and mining. The event will be held at the Jakarta International Expo (JI Expo) in Kemayoran from April 13 to 16, 2011.
It will be held concurrently with “Renewables Indonesia 2011, International Conference & Trade Fair on Energy Sustainability, Green Resources and Environmental Technology.” Both events seek to boost and promote foreign investments into Indonesia’s infrastructure and renewable energy sectors.
Minister Djoko Kirmanto said the Ministry of Public Works welcomes and supports ConBuild Indonesia 2011, which is being organized in full cooperation with his ministry. Such a trade fair in Indonesia will emphasize sustainable construction, green buildings and green building materials, besides providing a platform that brings the latest infrastructure technology and know-how from all across the globe in support of the ministry’s projects and further plans.
“We wish these events success and hope they become the gateway for investments in the construction and building sector in Indonesia,” he said.
Both ConBuild Indonesia 2011 and Renewables Indonesia 2011 are part of the “MMI Infrastructure Initiative” developed by Messe München International (MMI), one of the world’s leading trade show organizers with a particularly strong presence in Asia. The MMI Infrastructure Initiative is also endorsed by the Coordinating Ministry for Economic Affairs (CMEA), which has said this timely event supports Indonesia’s infrastructure acceleration development program.
Apart from showcasing the latest in construction and renewable technologies from around the world, ConBuild Indonesia 2011 and Renewables Indonesia 2011 are also expected to highlight the importance of Public-Private Partnership (PPP) in speeding up Indonesia’s economic and sustainable development.
In a recent 2010 report, the Ministry of Public Works said infrastructure was one of the factors creating a competitive investment climate. It also identified priority PPP Projects with significant impact on regional economies as those in toll roads, railroads, clean water, electricity and marine transportation.
Indonesia is expected to allocate some US$57 billion for infrastructure development from 2010 to 2014, according to government data. Amongst its top projects are to continue building the Java Toll Road system; finalizing a master plan for rail, airports and seaports and building power plants that use renewable energy.
Infrastructure and energy are two of the 11 priorities in Indonesia’s Second Five-Year Development plan for 2010 to 2014. Indonesia expects its economy to grow at an average of seven percent annually in this four-year period.
The Ministry of Public Works oversees a number of infrastructure portfolios, including roads and bridges, human settlements, water resources development, as well as spatial planning, all of which play an integral role in facilitating economic and social growth for the country. The Ministry of Public Works endorses the motto, “Infrastructure for All”.
Indonesia said it recognizes the provision of efficient infrastructure is fundamental for supporting the growth of businesses and communities not only in major cities but also across the entire country.
Bank Indonesia (BI), the central bank, recently increased Indonesia’s gross domestic product (GDP) growth forecast for 2010 to 5.6 percent from 5.2 percent. Fueling this adjustment were improvements in basic indicators such as exports, investments and consumer spending. Other analysts project the Indonesian economy to expand closer to seven percent in 2010.
The Asian Development Bank, the International Labor Organization and the Islamic Development Bank, however, recently forecast GDP growth of 6.5 percent for 2010 and 8 percent in the next two years, with the latter figure hinging on appropriate government policies that boost infrastructure.
Indonesia’s economy, Southeast Asia’s largest, grew 5.7 percent in the first quarter of 2010 year-onyear (the fastest rate since 2008), according to BI, and broke this record by growing 6.2 percent in the second quarter. The central bank forecasts inflation at four to six percent this year and kept its key interest rate steady at 6.5 percent in August.
ConBuild Indonesia 2011 and Renewables Indonesia 2011 are MMI’s infrastructure initiatives that work to the advantage of both the host country and exhibitors. MMI’s trade fairs in Asia and elsewhere also promote global trade expansion by facilitating smart partnerships and generate business collaborative prospects for all participation and attendance.
MMI looks forward to its infrastructure initiative commitment through a strategic path developed for Indonesia with its launch of ConBuild Indonesia 2011 and Renewables Indonesia 2011.
Organizer: MMI Asia Pte Ltd
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