SOEs to Carry Out African Projects

By Editorial Team 22/08/2019
Summary

Indonesia signed an agreement bill with several Africa countries on infrastructure and transportation during Indonesia-Africa Infrastructure Dialogue 2019 (IAID) in Bali on Tuesday (8/20). The value of the contract was around US$ 822 million or Rp 11,7 trillion. Several state-owned enterprises (SOEs) are involved, such as PT Wijaya Karya (WIKA) Tbk, PT Waskita Karya Tbk, PT Kimia Farma Tbk, PT Bio Farma Tbk, PT INKA, PT LEN Industri, and PT Kereta Api Indonesia (KAI).

For example, WIKA will develop a US$ 40 billion bulk liquid terminal in Zanzibar, Tanzania, a US$ 66 million mixed-used complex Goree Tower in Senegal, and a US$ 66 million social housing in Ivory Coast. On the other hand, INKA, WIKA dan PT LEN Industri will invest in the African railway sector. The three of them have formed a new consortium named Indonesia Railway Development Incorporated for Africa (IRDIA).

Register now and get free access.

If you want to get free access to our Daily Insights and Weekly Digest, please click "Sign up" button below. If you already have an account, please login.

Sign up
Log in
What do subscribers receive?

As a subscriber, you'll receive daily insights, weekly business digests, and quarterly industrial reports.

What kind of pieces will i get?

In-depth reports on assumption and impact analysis, as well as update and trends mapping, written by our credible and experienced analysts.

And, there is something else…

Register now and get free access, click here to register. Feel free to contact us with any additional questions you have.