WIKA Realty Holds 21st Anniversary Celebration and CEO Talk

Wednesday, 20 January 2021

Jakarta, 20 January 2021 - PT Wijaya Karya Realty ("WIKA Realty"), a subsidiary PT Wijaya Karya (Persero) Tbk (“WIKA”), held a 21st Anniversary Celebration and CEO Talk which is attended by the Board of Directors, Board of Commissioners, and Management as well as WIKA Realty employees. This event is held via online broadcast through video conferencing application on Wednesday (20/01).  


Koko Cahyo Kuncoro, President Director of WIKA Realty, expressed his optimism in welcoming 2021, where the company believes the property industry will experience growth, especially with the positive sentiment of the COVID-19 vaccine and Indonesia's potential economic growth. With the theme 'A New Chapter for the Future', Koko also conveyed directions aimed at achieving performance targets in 2021. President Commissioner of WIKA Realty as well as Director of HC & Development of WIKA, Mursyid, further explained the steps of WIKA Realty which will be starting a new chapter in entering the hospitality industry, apart from its main business line as a property developer.


State-Owned Enterprises Holding Hotel

Currently, preparations are in progress to form a hotel business involving 4 other state-owned companies, namely PT Aerowisata Group, PT Patra Jasa, PT Hotel Indonesia Natour, and PT Pegadaian. Koko explained, "the progress of the establishment of State-Owned Enterprises' Holding Hotel has now reached the stage of signing a commitment agreement and phase 1 of the Holding Hotel is planned to start running in Semester 1 2021." With the establishment of this Holding Hotel, WIKA Realty will receive a new portfolio of 20 hotels which will be managed by the operator Pesona Indonesia Jaya and the Hotel Indonesia Group. In addition, there will be 8 flagship hotels joining this plan consisting of 5 * and 4 * hotels.