The Jakarta Post
Please Update your browser
Your browser is out of date, and may not be compatible with our website. A list of the most popular web browsers can be found below.
Just click on the icons to get to the download page.
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search results
Popular Reads
Top Results
No results found. Please check your search term and try again
Can't find what you're looking for?
View all search resultsDanantara completes 4.4-hectare land acquisition in Mecca
The newly acquired land is intended for future expansion of the Bait Jemaah complex, an integrated development for serving haj pilgrims from Indonesia and elsewhere, from accommodation to retail services.
Change text size
Gift Premium Articles
to Anyone
Share the best of The Jakarta Post with friends, family, or colleagues. As a subscriber, you can gift 3 to 5 articles each month that anyone can read—no subscription needed!
Muslim pilgrims perform the Eid al-Adha morning prayer on June 16, 2024, at the Kaaba, Islam's holiest shrine, in the courtyard of the Grand Mosque in Mecca, Saudi Arabia. (AFP/-)
S
tate asset fund Danantara, through its investment holding company PT Danantara Investment Management (DIM), completed on Sunday the acquisition of 4.4 hectares of land in Mecca, Saudi Arabia, expanding its investment in the holy city’s hospitality sector for developing an integrated complex to serve Muslims traveling for haj and umrah (minor haj), including Indonesian pilgrims.
The latest deal follows the Aug. 11 handover of the Novotel Makkah Thakher City hotel, which has 1,461 rooms and suites.
The newly acquired land is intended to provide space for future expansion under a strategic agreement announced by Danantara and Thakher Development Company on Dec. 14, 2025.
Danantara CEO Rosan Roeslani said the acquisition marked a step toward establishing a long-term hospitality investment platform in Saudi Arabia.
“Our focus is to manage these assets with strict investment discipline while developing an integrated ecosystem that improves the quality of accommodation and services for pilgrims from Indonesia and other countries,” Rosan said in a statement on Monday.
He added that the investment would strengthen economic ties between Indonesia and Saudi Arabia as Danantara explored opportunities in other cities such as Medina and in other strategic sectors beyond property.
Read also: Danantara’s transparency, mandate remain in question two years into Prabowo’s rule
