As of May 2024, PP (PTPP) Has Secured Contracts Worth IDR 8.9 Trillion

CORPORATE STRATEGIC - JAKARTA. PT PP (Persero) Tbk (PTPP), a state-owned construction and investment company, has reported a new contract value of IDR 8.9 trillion ($620 million) as of May 2024, marking a 31.35% increase from the same period last year, which stood at IDR 6.7 trillion ($466 million). 

The majority of these contracts were funded by the government, accounting for 53.02%, followed by state-owned enterprises at 32.49%, and private sector funding at 14.49%.