Indonesia signs deal with Qatar investor to build 1 million affordable homes
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Indonesia will provide the land to build the apartments, while the investor will become the contractor and will finance the project.
PHOTO: AFP
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JAKARTA - Indonesia’s government signed on Jan 8 a memorandum of understanding with an investor from Qatar to build one million affordable homes, one of President Prabowo Subianto’s flagship programmes.
Housing Minister Maruarar Sirait signed the agreement with Qatari Sheikh Abdulaziz Abdulrahman Al Thani, chairman of Qilaa International Group, at the presidential palace, witnessed by Mr Prabowo.
“We prioritise the lower middle class who lives in the cities,” Mr Maruarar told reporters, referring to those who the one million homes will be built for.
The government will provide the land to build the apartments, while the investor will become the contractor and will finance the project.
During his campaign, Mr Prabowo has said he wants to build three million dwellings annually, in villages and cities to support the lower middle class. REUTERS
