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WIKA eyes a Rp 1.7tn Worth of Hotel-building Project In Saudi Arabia
Senin, 29 Juli 2013 | 00:40 WIB
ilustrasi - [kemenag]

Skalanews - State construction firm PT Wijaya Karya Tbk (IDX:WIKA) is exploring a seven-tower construction project in Saudi Arabia Haram area with a capacity of 7,000 rooms, with an investment of around Rp1.7 trillion a tower.

WIKA's corporate secretary Natal Argawan in Jakarta on Friday (7/27) said the Indonesian delegation were following up a project in Saudi Arabia, led by the WIKA's operational director Destiawan.

He added that the company was also getting a visit from the Minister of Construction of Myanmar, following the formation of a joint venture plan with United Mercury Group (UMG), a large construction company in Myanmar.

Moreover, continued Natal, WIKA was also working on the construction of flyovers in Brunei Darussalam, in collaboration with the Japanese contractor Tobisima.

While projects at home, said Natal, were still in the preparation stage of tender submission in some areas. It was expected that in the second half of this year, the company would win several projects from government.

"We have not acquired any government projects. I hope that the second half will provide greater opportunities. There is the Mass Rapid Transit project, which worth around Rp300 billion. However it is yet to be announced," he said.

Related to capital expenditure (capex) spending in the first semester of 2013, he said that the company had realized capex worth Rp170 billion.

"Until the first half, uptake of this year's capex is at approximately 10 percent of the total budget, amounted to Rp1.7 trillion for this year," he said. (Ant/Nra)