Qatari firm Al Qilaa, operating through its Indonesian subsidiary Al Qilaa International Indonesia, intends to develop 50,000 affordable apartment units in the first phase of a large-scale housing investment project in Indonesia. Construction is expected to commence following the completion of licensing procedures and land preparation.
The initiative forms part of a wider Indonesia–Qatar housing collaboration aimed at delivering one million vertical housing units. The first phase alone is projected to cost approximately USD 2.5 billion, or around IDR 40.75 trillion, based on an exchange rate of IDR 16,300 per US dollar. The project will be executed in two stages, with 50,000 housing units planned for each phase.
Although pricing details have not yet been revealed, the Chairman of Al Qilaa stated that the apartments will be offered at affordable rates and will include community-oriented amenities. He emphasized that the project’s main objective is to create social impact rather than generate profit.
While pricing details have not yet been disclosed, the Chairman stated that announcements are expected within the next one to two months, as the company is in the process of finalizing agreements with two to three marketing firms and state-owned Bank BTN, which is anticipated to play a role in financing and unit absorption. He also expressed a strong interest in Indonesia’s housing market, highlighting robust demand and ongoing affordability challenges.
The Chairman emphasized that his participation is in a personal capacity as a private businessman, not as an official representative of the Qatari government. He concluded by reaffirming his long-term commitment to the project.
This large-scale initiative comes at a time when Indonesia is facing a significant housing shortage, with the national backlog estimated at around 15 million units. While the government aims to deliver three million new housing units annually to address the gap, its current domestic capacity is limited to approximately 500,000 units per year, which is well below the target.
(Source: Jakarta Globe)
