Situated on the northwest coast Java coast, Jakarta is the capital of Indonesia and the country’s largest city. Strategically situated in the archipelago, Jakarta acts as the gateway to the rest of Indonesia.
The city consists of Greater Jakarta with an area of 637.44 square kilometres. Consisting of almost 10 million in population, it is the political, economic, and cultural center of the country. The city serves as the country’s melting pot of about 300 plus ethnic groups.
The salary of the average worker is US$240 per month with a compulsory welfare contribution of 4.8 per cent of the employee’s salary. However, steep increases in wage are common because of the country’s trade unions that are increasingly strong and powerful. Small and medium-sized enterprises contribute to almost half of Indonesia’s Gross Domestic Product (GDP). Due to their role, government is keen to assist them in growing and supports them. Because of this, it is developing a series of pilot projects for these small and medium enterprises or SMEs with long-term objective.
Jakarta, Indonesia’s international finance corporation or IFC is also working to improve the city’s infrastructure through targeted investments in transportation, power plants, telecoms, ports, and other similar projects.
The city’s economy comprises of varied sectors and industries. Workers in the city of Jakarta are highly skilled and cost low as well, making the city an attractive foreign investment destination. Jakarta’s key economic sectors comprise Banking, Trading, Financial services and Manufacturing.
Some of the city’s top industrial sectors are Automotive, Electronics, Mechanical engineering, Chemicals and Biomedical sciences. Moreover, Jakarta has a highly attractive luxury property investment sector. It offers the highest return on high-end property investment in the world.