WIKA Gedung Wants To Be The First Contractor In IKN, Will Build Many 12-Story Towers For 17,000 Construction Workers

JAKARTA - PT Wijaya Karya Gedung Tbk (WEGE) has ambitions to become the first contractor to plant the first flag of construction in the new National Capital City (IKN) located in North Penajam Paser, East Kalimantan.

According to the Director of Operations 1 WEGE Bagus Tri Setyana, his party has indeed targeted to have several projects in IKN. The first project at IKN that they will build is a house for 17,000 construction workers.

Of course, said Bagus, this project has no small value. WEGE has also announced that it will use pure funding options from the APBN or the Government Cooperation with Business Entities (PPP) scheme.

"The investment is around IDR 1 trillion, construction is IDR 600 billion, not infrastructure yet. There are 8 clusters to house the 17,000 construction workers. The construction is targeted to be completed this year with a construction period of only 9 weeks", said Bagus, in Jakarta, Tuesday, April 19.

The work is relatively fast because WIKA Gedung has the advantage of using the Modular construction method. Even according to Bagus, WEGE does not yet have a competitor in the Modular business.

Meanwhile, after the construction worker's housing project is completed, WEGE will build a 12-storey flat that will be occupied by the State Civil Apparatus (ASN). WEGE will build 25 towers this year.

"This year the target is 25 towers. One tower is worth an investment of IDR 300 billion", said Bagus.

Target revenue to grow 52 percent

Meanwhile, WIKA Gedung targets revenue growth of up to 52 percent this year. Several strategies are ready to be executed.

Director of Finance, Human Capital and Risk Management Wijaya Karya Gedung, Syailendra Ogan, revealed that the total revenue target, including joint operation revenues, for 2022 was IDR5.87 trillion, an increase of 52.88 percent from the 2021 RKAP of IDR3.84 trillion. Meanwhile, the net profit target is IDR 319.65 billion or 37.98 percent, up from the 2021 RKAP of IDR 231.67 billion.

For business development this year, the company poured capital expenditure or capital expenditure of IDR 315.50 billion, of which IDR 300 billion was used by capital employed, and IDR 15.50 billion for investment.

"WEGE hopes and works hard so that the company's 2022 target can be achieved because the company has a clear and independent market with the support of sound company fundamentals", he said.