Indonesia’s PT. Cogindo Daya Bersama inked a business contract worth US$25.3 million with the Kuwaiti Ministry of Energy and Water for the provision of electricity maintenance services across the Middle Eastern country.
Both sides signed the three-year contract in the presence of Indonesian Ambassador to Kuwait Tri Tharyat on Thursday, the Indonesian Embassy in Kuwait City noted in a written statement released on Friday.
The project will employ 297 workers, including those from Indonesia.
The ambassador stated that the success is the manifestation of efforts to implement the Indonesian president’s order and the memorandum of understanding (MoU) of State-Owned Companies Go Global between the Foreign Ministry and the State-Owned Enterprises Ministry to boost Indonesian investment abroad.
The success is expected to open up investment from Indonesian state-owned enterprises and private companies to Kuwait and create jobs for Indonesian skilled workers in the Middle Eastern country, he remarked.
“Indonesia may be proud of the achievement because it has been able to showcase its competitive edge and garner trust from Kuwait. I am optimistic that the project would run well and become a positive note for the Kuwaiti government regarding the Indonesian company’s performance,” he stated.
The first note of success of the Indonesian state-owned enterprise in Kuwait was the result of close cooperation between Cogindo and the Indonesian Embassy in Kuwait City since early 2020. The company won the tender in the midst of myriad challenges presented during the COVID-19 pandemic. In fact, the tender process was suspended for over three months.
For this project, Cogindo will function as the chief contractor that is expected to open up Indonesian investment and boost the employment of Indonesian skilled and professional workers in Kuwait.
Source: Antara News