Key insights and market outlook
Danantara's acquisition of a hotel and land in Mecca, known as Al-Hujun, has been welcomed by Komnas Haji chairman Mustolih Siradj as a historic moment for Indonesia's hajj management. The acquired area is 2.5 kilometers from Masjidil Haram and represents a significant step in achieving the government's long-held goal of owning land in the holy city. This acquisition is seen as a progressive and positive development in hajj management.
Danantara's recent acquisition of a hotel and land in Mecca has been hailed by Komnas Haji chairman Mustolih Siradj as a significant milestone in Indonesia's hajj management. The acquisition represents a long-awaited realization of the government's aspiration to own property in the holy city, a goal that has been pursued since the Old Order era.
The acquired area, known as Al-Hujun, is strategically located 2.5 kilometers from Masjidil Haram, enhancing its value for Indonesian pilgrims. Danantara is also actively participating in the bidding process for another land in the Western Hindawiah area, having advanced to the top two candidates.
This acquisition is viewed as a progressive and positive development in the management of hajj pilgrimages. The ownership of the land and hotel facilities is expected to improve the overall experience for Indonesian pilgrims traveling to Mecca.
While this acquisition marks a significant achievement, Danantara continues to explore other opportunities in Mecca. The company's active participation in the bidding process for additional land demonstrates its commitment to expanding Indonesia's presence in the holy city.
Danantara's Acquisition in Mecca
Strategic Land Purchase for Hajj Facilities