Jakarta has an urban population of over 10 million and a metropolitan population of 31 million, making it Southeast Asia's largest metro area. The city has a substantial manufacturing industry including automotive, electronics, chemicals and biomedical products. It is the financial centre of Indonesia and is in transition from being the capital city, Jakarta has ambitions to be a global city.
With a relatively strong macroeconomic stability, high workforce availability, and relatively low cost of land, the city is well positioned to capture economic opportunities. Improvements in urban management have made the city more favourable for doing business in recent years.
That said, ensuring sustained economic growth will require immediate attention towards improving Liveability and Loveability, which is where the city struggles the most. Mobility is the city's greatest challenge. Jakarta, is set to become the world’s largest city by 2030 and is already one of the most congested. Leveraging the investments in expanding Jakarta’s public transport network will be critical to success.
