PT Waskita Karya (Persero) Tbk signed a Memorandum of Agreement ("MoA") with Mohammed Bin Faisal ("MBF") Persada regarding cooperation in the development of road infrastructure and other infrastructure. This MoA was signed by the President Director of PT Waskita Karya (Persero) Tbk. Mr. Destiawan Soewardjono with MBF Persada President Director Arif Firdaus offline in Jakarta on Thursday 10th March 2022. The signing was also witnessed by the Ambassador of the Republic of Indonesia to U.A.E, H.E Husin Bagis.
MBF Persada is based in Sharjah, United Arab Emirates, and is part of the MBF Group, a company founded by HH. Sheikh Mohammed Bin Faisal Bin Khalid Al Qasimi is engaged in investment and business development in various sectors, including The Infrastructure sector. The signing of the MoA between Waskita and MBF Persada is in the context of exploring cooperation in funding infrastructure projects where Waskita is the project implementer, investment cooperation, and other potential forms of cooperation.
"This morning is a step or joint effort between the Company and MBF Persada to commit, which will certainly be mutually beneficial in business with the experience we have," said Mr. Destiawan.
"As a manifestation of The Form of synergy between the two companies, the signing of a cooperation agreement in terms of road infrastructure development and other infrastructure, To be able to pursue and seize business opportunities based on the applicable provisions and procedures according to their respective roles, authorities, duties, and functions," He said.
Mr. Destiawan also hopes that with this cooperation, both parties can increase the effectiveness of their respective roles. "This cooperation is not only mutually beneficial but also as an added value for the two companies while still considering the best business practices and using a commercial principle approach and upholding the principles of Good Corporate Governance (GCG)," said Mr. Destiawan Good Corporate Governance (GCG),” tutur Destiawan.
The signing ceremony was also attended by The Director of Operation I, Mr. I Ketut Pasek Senjaya Putra, and also Senior Vice President (SVP) of The Company's Overseas Division, Mr. Arief Hardianto.
