Adhi Karya Gets US$104 Million Project in Oman

PT Adhi Karya Tbk gets a US$104 million business in Oman and the contract will be signed on June 6.

Corporate Secretary of Adhi Karya Kurnadi Gularso said to me that the company will develop Tilal Complex in Oman consisting of hotel, apartment and shopping center. The project belongs to Al Madina Real Estate.
"The value of the project is US$104 million," he said last week.

He said that it will take two years to conclude the project. "We are working on the payment detail. The down payment is 10%. Usually, after signing the contract we will get the money to run the project."