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WIKA aims to obtain order books from foreign projects worth Rp 10 trillion this year

28 March 2019 07:00 AM  Company: PT. Wijaya Karya (Persero) Tbk[WIKA]
Rp. 2,080  +95 (4.79%)

JAKARTA. PT Wijaya Karya Tbk (WIKA) aims to get infrastructure order book worth Rp10 trillion from foreign projects in 2019. Currently, the company's order book from foreign projects is around Rp 7 trillion.

"My goal is actually for (foreign) order books to reach US$ 1 billion (Rp14 trillion)," said Operation Director III of Wika, Destiawan Soewardjono after the signing of the Export Working Capital Credit agreement through the National Interest Account (NIA) between Indonesian Export Financing Institution (LPEI) and WIKA in Jakarta on Wednesday (27/3).

Destiawan said that the opportunity in the foreign construction services market was actually quite large. At present, the company is exploring the market on the African continent. One of them is through the construction of 3,950 subsidized housing units (logement) in Algeria.

In the project, the company will build 1,700 housing units in the Baraki and El-Harrach (Algier region) and 2,250 housing units in Ain Defla and Khemis Miliana (Bilda region).

In addition to Algeria, the company is also eyeing a railroad development project with PT Inka and PT Len Industri (Persero) for the construction of 1,000 kilometers (km) of railroad projects in a number of West African countries such as Senegal and Nigeria. The total project value is around Rp40 trillion because it includes construction activities, provision of facilities and infrastructure, to the system. (AM/AR)

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