JAKARTA, RAKYAT NEWS – PT Waskita Karya (Persero) Tbk has achieved a significant milestone by securing a place in the esteemed Fortune Southeast Asia 500 list, ranking 357th among the region’s leading companies. This recognition underscores Waskita Karya’s pivotal role in Indonesia’s economic landscape and its robust performance throughout 2023.

Waskita Karya Persero Tbk, commonly known as Waskita Karya, is a state-owned construction company based in Indonesia. “Persero” stands for “Perseroan Terbatas,” which translates to “Limited Liability Company” in English, indicating its corporate structure.

Established in 1961, Waskita Karya plays a pivotal role in the development of infrastructure across Indonesia. The company is involved in various construction projects, including toll roads, bridges, dams, airports, and other public infrastructure facilities. It operates under the supervision of the Ministry of State-Owned Enterprises of the Republic of Indonesia.

As a state-owned enterprise (BUMN), Waskita Karya is mandated to contribute to national development and economic growth by providing essential infrastructure that enhances connectivity and supports socio-economic development across the archipelago. The company’s projects span both urban and rural areas, aiming to improve transportation, utilities, and public services infrastructure.

In recent years, Waskita Karya has focused on enhancing its operational efficiency, implementing digital innovations in construction processes, and maintaining strong governance practices to ensure sustainable growth and resilience in its operations.

Waskita Karya Persero Tbk remains a key player in Indonesia’s infrastructure sector, striving to support the country’s development goals through impactful construction projects and strategic initiatives.

Fortune Southeast Asia 500 ranks companies based on their substantial contributions to the region’s economic growth. According to the latest report released in June 2024, Waskita Karya reported a total revenue of $719.5 million USD (equivalent to approximately Rp 10.9 trillion) and boasts assets totaling $6.21 billion USD (around Rp 95.6 trillion).

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