As Of October 2024, WIKA Has Secured New Contracts Amounting To IDR 16.9 Trillion

Dok/WIKA

As Of October 2024, WIKA Has Secured New Contracts Amounting To IDR 16.9 Trillion

Friday, 29 Nov 2024

As of October 2024, PT Wijaya Karya (Persero) Tbk has successfully secured new contracts amounting to IDR 16.9 trillion. This figure represents a 9.4 percent increase compared to the contract value of IDR 15.5 trillion achieved in September. The President Director of WIKA, Agung Budi Waskito, stated that the largest contributions to these new contracts stem from the infrastructure and building segments, followed by the industrial, property, and EPCC sectors. Consequently, WIKA is currently engaged in several strategic projects that bolster national resilience.

By October 2024, WIKA is managing a total of 74 projects, 38 of which are classified as National Strategic Projects and are located in the new capital city, Nusantara (IKN). These projects reflect WIKA's commitment to supporting national development goals aimed at fostering national independence, economic equity, and enhancing value through downstream processing and industrialization. Notable projects under WIKA's management include the Smelter & Desalination project in Manyar, which aligns with the downstream processing initiative.

Additionally, the Tiga Dihaji Dam project, package 4, supports food security, while the LPG Refrigerated Tuban project contributes to energy independence, among various other initiatives. To ensure ongoing contributions to societal benefits and maintain business sustainability, WIKA consistently implements transformative measures focused on cash availability, excellence in project execution, and portfolio balance. WIKA is also preparing to meet future challenges by adopting sustainable development principles.

WIKA recognizes that sustainable construction represents the future of the construction industry in Indonesia. Therefore, the company is committed to enhancing its competencies in sustainable construction, with an emphasis on implementing improved Environment, Social, and Governance (ESG) standards that can be adopted by all entities within the WIKA Group.