Danantara Indonesia acquires hospitality assets in Mecca, Saudi Arabia
The acquisition is part of Indonesia’s aim to improve services for Indonesian Hajj and Umrah pilgrims.
Danantara Indonesia, one of the country's sovereign wealth funds, signed an agreement with Thakher Development Company to acquire hotel and real estate assets within the Thakher City complex in Mecca, Saudi Arabia.
Danantara CEO Rosan Perkasa Roeslani said the transaction marks the company’s first step into Mecca’s hospitality sector and forms part of a phased, long-term strategy to improve services for Indonesian Hajj and Umrah pilgrims.
“Every year, more than two million Indonesians perform Umrah, while the number of Indonesian Hajj pilgrims consistently exceeds two hundred thousand,” he said.
The acquisition involves Novotel Makkah Thakher City, an operating hotel with 1,461 rooms and a series of hospitality-focused development assets spanning 14 plots totaling approximately 4.4 hectares. The development assets have a potential capacity of up to 5,000 hotel rooms, subject to regulatory approvals.
Danantara Indonesia is coordinating with the Government of Saudi Arabia through the Royal Commission for Makkah City and Holy Sites (RCMC) as part of the ongoing bidding process for the first phase of this long-term collaborative development.