TheJakartaPost

Please Update your browser

Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.

Jakarta Post

Qatari firm to invest up to $20 billion in 1 million housing units: Hashim

Coming from a Qatari private entity, the investment is estimated at US$16,000 to $20,000 per apartment unit.

Ni Made Tasyarani (The Jakarta Post)
Premium
Jakarta
Tue, January 21, 2025

Change text size

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Qatari firm to invest up to $20 billion in 1 million housing units: Hashim Affordable abode: A man walks past the Sentra Mulya Jaya low-cost apartment building in Cipayung, East Jakarta, on Jan. 26, 2024. Built as a joint project managed by the Social Affairs Ministry and the Public Housing and Settlements Ministry, the apartment is available for low-income families to rent at Rp 100,000 (US$6) per month. (Antara/Asprilla Dwi Adha)

Q

atar is expected to invest up to US$20 billion to build 1 million apartment units in cities across Indonesia, national housing task force head Hashim Djojohadikusumo said on Monday, which would help realize President Prabowo Subianto’s flagship program.

Coming from a Qatari private entity, the investment is estimated at $16,000 to $20,000 per apartment unit. The government hopes the investor would build 1 million units.

“And from the Qatari government, it has announced [to invest in] 3 to 5 million in houses and apartments,” Hashim, who is also Prabowo’s younger brother, told reporters in Jakarta on Monday. 

He went on to say that the Qatari government would help finance housing units in villages and cities, with the former expected to cost approximately Rp 75 million [US$4,575] per unit, while the latter would cost from $18,000 to $20,000 per unit.

“So, tens of billions of dollars [worth of investment], that’s from the [Qatari] government,” he said.

Read also: Qatar to help financing Prabowo’s housing program: Deputy minister

Prospects

Every Monday

With exclusive interviews and in-depth coverage of the region's most pressing business issues, "Prospects" is the go-to source for staying ahead of the curve in Indonesia's rapidly evolving business landscape.

By registering, you agree with The Jakarta Post's

Thank You

for signing up our newsletter!

Please check your email for your newsletter subscription.

View More Newsletter

Hashim further said that the administration also expected investments from other countries, including the United Arab Emirates (UAE), Turkey and Singapore. 

to Read Full Story

  • Unlimited access to our web and app content
  • e-Post daily digital newspaper
  • No advertisements, no interruptions
  • Privileged access to our events and programs
  • Subscription to our newsletters
or

Purchase access to this article for

We accept

TJP - Visa
TJP - Mastercard
TJP - GoPay

Redirecting you to payment page

Pay per article

Qatari firm to invest up to $20 billion in 1 million housing units: Hashim

Rp 29,000 / article

1
Create your free account
By proceeding, you consent to the revised Terms of Use, and Privacy Policy.
Already have an account?

2
  • Palmerat Barat No. 142-143
  • Central Jakarta
  • DKI Jakarta
  • Indonesia
  • 10270
  • +6283816779933
2
Total Rp 29,000

Your Opinion Matters

Share your experiences, suggestions, and any issues you've encountered on The Jakarta Post. We're here to listen.

Enter at least 30 characters
0 / 30

Thank You

Thank you for sharing your thoughts. We appreciate your feedback.

Share options

Quickly share this news with your network—keep everyone informed with just a single click!

Change text size options

Customize your reading experience by adjusting the text size to small, medium, or large—find what’s most comfortable for you.

Gift Premium Articles
to Anyone

Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!

Continue in the app

Get the best experience—faster access, exclusive features, and a seamless way to stay updated.