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Jakarta Post

Wika secures deals worth trillions

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    The Jakarta Post

Jakarta   /   Mon, December 10, 2018   /   08:17 am
Wika secures deals worth trillions A billboard of Wijaya Karya’ logo is installed near a project in Jakarta (kontan.co.id/Daniel Prabowo)

State-owned contractor PT Wijaya Karya (Wika) has signed several deals worth Rp 34.2 trillion (US$2.3 billion) as of November amid significant growth in property and infrastructure construction in Indonesia.

Wika corporate secretary Puspita Anggraeni said the biggest deals were in infrastructure and building construction, where the signed deals were worth Rp 26.2 trillion. Deals in the industry sector were the second largest at Rp 4.6 trillion, followed by property at Rp 1.8 trillion and the industrial plant segment at Rp 1.7 trillion.

“The majority of the new contracts are from the private sector at 52.5 percent, followed by state-owned companies at 26.33 percent and the rest are from government sectors,” Puspita said in an official statement, adding that it showed that the company was trusted by the private sector as a reliable contractor.

The company recorded 20 percent growth in new contracts in November compared to the previous month, or Rp 5.7 trillion.

Wika expressed hope that the company could win more infrastructure projects in December in a bid to achieve its 2018 target. (brf)