Signing of Memorandum of Understanding regarding Parangloe, Makassar Land Development and Sunda Kelapa Harbor between PT WIKA Realty and PT Pelabuhan Indonesia

Friday, 01 November 2019

Jakarta, 1 November 2019 - The synergy of SOE subsidiaries continues to be carried out, on Friday (1/11) morning a signing ceremony is held in regard to the head of agreement between PT Wijaya Karya Realty ("WIKA Realty") and PT Indonesia Port Developers ("PT PPI" ), which is a subsidiary of PT Wijaya Karya (Persero) Tbk and PT Pelabuhan Indonesia II (Persero). This agreement is signed by the President Director of WIKA Realty, Agung Salladin and PT PPI's President Director, Prasetyo Wasis Prabowo. This moment is also witnessed by the management of WIKA Realty, including WIKA Realty Director Wahyu Tri Rahmanto, Corporate Secretary of WIKA Realty Juni Ermawan, Business Development Manager Deni Wibisono, and Director of WIKA Realty's subsidiary, PT Makassar Coastal City, Rizkan Firman. Meanwhile PT PPI Management was present, including the Director of Commercial and Business Development, Kiki M. Hikmat, Technical Director Eko Afrilianto, and Finance & HC Director Henri Panggabean.

 

In this cooperation, it is planned that WIKA Realty and PT PPI will develop a land area of ??approximately 77 hectares in Parangloe, Makassar which is owned by PT WIKA Realty through its subsidiary, PT Makassar Coastal City. This cooperation plan also includes the development of land in the Port of Sunda Kelapa, Jakarta with an area of ??about 50 hectares. President Director of WIKA Realty Agung Salladin said, "We are optimistic that the cooperation that will be carried out can provide success and make this project a new landmark that is beneficial to the community."

 

Furthermore Agung Salladin revealed, then WIKA Realty and PT PPI will take care of licensing and other legal documents needed for the development of these two projects.