Key insights and market outlook
Danantara plans to develop 13 towers and a mall in Mecca's Kampung Haji area with an investment of US$700-800 million. The project, still tentative, aims to accommodate 23,000 pilgrims with 6,025 rooms. CEO Rosan Roeslani announced the plan, which is part of a larger development to enhance hajj facilities in Saudi Arabia.
Danantara, led by CEO Rosan Roeslani, has announced plans to develop a significant hajj infrastructure project in Mecca's Kampung Haji area. The proposed development includes 13 towers and a large mall, representing an investment of between US$700-800 million.
The planned development is expected to contain 6,025 rooms, capable of accommodating approximately 23,000 pilgrims. While this represents a significant increase in capacity, it's still short of meeting the full demand of Indonesian hajj pilgrims, which averages 200,000 annually.
The towers will be constructed in front of a hotel that Danantara acquired recently. This development is part of a broader effort to enhance hajj facilities in Saudi Arabia, addressing the needs of Indonesian pilgrims traveling for the hajj pilgrimage.
The investment demonstrates Danantara's commitment to expanding its presence in the Saudi Arabian property market while addressing critical infrastructure needs for Indonesian pilgrims. The project's scale and investment value position it as a significant development in the region's hospitality and retail sectors.
US$800 Million Infrastructure Investment
Major Hajj Facilities Development