Danantara Expands Hospitality Portfolio in Makkah to Support Indonesian Pilgrims

Strategic Acquisition in Thakher City

Danantara Indonesia, through its investment arm Danantara Investment Management (DIM), has signed an acquisition agreement with Thakher Development Company for hospitality assets and land in Makkah's Thakher City development ¹

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Source 2

https://industri.kontan.co.id/news/danantara-resmi-akuisisi-hotel-dan-real-estate-di-makkah

. The acquisition includes the operating Novotel Makkah Thakher City hotel with 1,461 rooms and 14 development plots spanning 4.4 hectares ¹

Source 1

https://finance.detik.com/berita-ekonomi-bisnis/d-8260076/danantara-akuisisi-aset-hotel-lahan-di-makkah

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Development Plans and Future Potential

The acquired assets are part of Thakher City, a comprehensive development located approximately 2.5 kilometers from Masjid Al-Haram ¹

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Source 2

https://industri.kontan.co.id/news/danantara-resmi-akuisisi-hotel-dan-real-estate-di-makkah

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Source 3

https://industri.kontan.co.id/news/danantara-resmi-akuisisi-hotel-dan-lahan-di-makkah-25-km-dari-masjidil-haram

. The master plan for the development plots includes hospitality facilities, retail spaces, and supporting infrastructure, aligning with Makkah's urban development framework. CEO Rosan P. Roeslani stated that while the acquisition marks the initial step, future development will proceed in phases based on comprehensive feasibility studies and regulatory considerations ¹

Source 1

https://finance.detik.com/berita-ekonomi-bisnis/d-8260076/danantara-akuisisi-aset-hotel-lahan-di-makkah

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Supporting Indonesia's Religious Tourism

This investment represents Danantara's commitment to enhancing services for Indonesian pilgrims performing hajj and umrah. The strategic location and scale of the assets position Danantara for long-term involvement in Makkah's hospitality sector ²

. The acquisition demonstrates Indonesia's growing investment presence in Saudi Arabia's religious tourism infrastructure.