Vietnamese crab exporterexellent crabgood crab

Erick to Merge Seven State Construction Companies into Three

Djibril Muhammad
March 19, 2024 | 8:16 pm
SHARE
FILE - A worker of state-owned construction company Adhi Karya installs steel bars during the construction of a warehouse in Jakarta, March 26, 2015. (Antara Photo)
FILE - A worker of state-owned construction company Adhi Karya installs steel bars during the construction of a warehouse in Jakarta, March 26, 2015. (Antara Photo)

Jakarta. State-Owned Enterprise Minister Erick Thohir said Tuesday his office is in the process of merging seven state-run infrastructure companies into three enterprises to boost efficiency and reshape their business focus.

The seven companies include Hutama Karya, Waskita, PTPP, Wijaya Karya, Brantas Abipraya, Adhi Karya, and Nindya Karya.

The merger process includes the separation of main business lines to allow the companies to focus on their respective expertise, Erick said in Jakarta.

Brantas Abipraya, Adhi Karya, and Nindya Karya will join forces in railway and water infrastructure projects, while Hutama Karya and Waskita will team up to handle toll road, state building, and commercial housing and apartment projects.

ADVERTISEMENT

"Wijaya Karya and PTPP will no longer get involved in toll road projects, instead they will focus on seaport and airport projects. However, they will still work on residential building projects to conclude their previous job contracts," Erick said.

The minister said he will continue the efforts to streamline the number of SOEs to just 30, focusing on areas of public interest that require “the presence by the state”.

He has until October to conclude the mammoth tasks before the term of the current cabinet expires.

Tags: Keywords:
SHARE

Related Articles


News Jul 29, 2026 | 3:08 am

Indonesia Awaits Decision on Venue for Inaugural FIFA ASEAN Cup

Indonesia has submitted a bid to host the inaugural FIFA ASEAN Cup and expects a decision within the next two weeks.
Opinion Jul 21, 2026 | 7:51 pm

Fast Track to Glory? Indonesia and Its Naturalization Game

Currently, nearly 90% of the Indonesian men's national team lineup is filled with naturalized players.
News Jun 19, 2026 | 8:37 pm

Indonesia Seeks to Host 2026 FIFA ASEAN Cup

Prabowo has backed Indonesia's bid to host the 2026 FIFA ASEAN Cup, with FIFA giving an early positive response.
News May 12, 2026 | 3:53 pm

Indonesia Launches Bid to Host 2028 FIFA Futsal World Cup

Indonesia bids to host 2028 FIFA Futsal World Cup after strong results, including Asian runner-up finish and rising FIFA ranking.

The Latest


News 8 hours ago

Prabowo Says South Korea's Lee Asked Indonesia to Help Open Dialogue With North Korea

President Prabowo Subianto says South Korea's Lee Jae Myung asked Indonesia to help open dialogue with North Korea.
News 13 hours ago

Pullman Hotel Fire in Jakarta Suspected to Stem From Electrical Fault

Police will deploy a forensic team to investigate a fire at Pullman Hotel in West Jakarta, with an electrical fault suspected as the cause.
Business 14 hours ago

Pertamina Slashes Prices of Three Fuels From Aug. 1

Pertamina cut prices for three non-subsidized fuels from Aug. 1.
News 15 hours ago

Trump Too Stubborn to Rejoin Paris Agreement: Indonesian Minister

Indonesia's Environment Minister Jumhur Hidayat says other countries should deal with Trump quitting the Paris Accord.
Business 18 hours ago

Indofood Sales Rise 9% as Rupiah Weakness Hits First-Half Profit

Indofood’s first-half sales rose 9%, but net profit fell 19% as rupiah weakness increased unrealized foreign-exchange losses.
COPYRIGHT © 2026 JAKARTA GLOBE. ALL RIGHTS RESERVED