After a decade of President Joko Widodo placing infrastructure at the heart of Indonesia’s national development, the Prabowo Subianto administration is now shifting focus. The new government appears more invested in food security, defense, and downstream mineral industries. As a result, state construction firms like Waskita Karya (WSKT) and Wijaya Karya (WIKA)—once the driving force behind the nation’s physical transformation—now find themselves at an option, adapt or fall behind. To subscribe please click here
