JAKARTA - Danantara Indonesia, through Danantara Investment Management (DIM), announced the signing of an agreement with Thakher Development Company regarding the acquisition of hotel and real estate assets located within the Thakher City area, Makkah, Saudi Arabia.
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Thakher City is an integrated area development located about 2.5 kilometers from the Al-Haram Mosque in Mecca.
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Danantara CEO Rosan Perkasa Roeslani explained that the transaction reflects Danantara's initial step in entering the hospitality sector in Mecca.
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In addition, this effort is also part of a long-term and gradual strategy to support efforts to improve services for Indonesian pilgrims and umrah.
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"Every year, the number of Indonesian umrah pilgrims has reached more than two million people, while the number of Indonesian Hajj pilgrims has consistently been above two hundred thousand pilgrims," he said in a statement in Jakarta, Antara, Sunday, December 14.
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In this context, investment related to assets in this phase includes one hotel that has been operating as well as a series of hospitality-oriented development assets with a potential capacity of up to around 5 thousand hotel rooms, all of which remain subject to further studies and applicable regulatory approvals.
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Based on the agreement, Danantara Investment Management and Thakher Development Company have agreed to acquire Novotel Makkah Thakher City, a hotel operating with 1,461 rooms, as well as 14 plots of land totaling approximately 4.4 hectares allocated for future development.
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These land areas are planned to be developed in an integrated master plan that includes hospitality facilities, retail, and other supporting facilities, in line with the urban development framework in Makkah City.
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Rosan stated that this agreement forms the initial foundation for long-term involvement in the Kingdom of Saudi Arabia's hospitality sector.
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"This signing is an important initial step in securing strategic assets that can support Indonesia's efforts to improve services for pilgrims. Although ownership of the identified assets has been formalized through this agreement, subsequent development will be implemented gradually, based on a comprehensive feasibility study, regulatory considerations, and prudent governance standards," he said.
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This transaction is supported by Al Khomasiah Real Estate Development as a strategic local development partner that brings market expertise and development experience in Makkah.
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Furthermore, Rosan said this partnership is aimed at ensuring alignment with applicable regulations, development practices, and long-term planning considerations in the Kingdom.
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Preliminary studies indicate that by relying on comprehensive technical studies and fulfilling all applicable regulatory processes, the development of the acquired assets has the potential to support the provision of accommodation and services for Indonesian pilgrims and umrah.
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Therefore, the agreement is the first step in a long-term development strategy and provides a structured framework for the next stages, including development, construction, hospitality operations, and other support services.
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All stages of development will be carried out through coordination with relevant authorities in Saudi Arabia and Indonesia, in line with the applicable licensing and governance processes.
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"All stages will be carried out through close coordination with the relevant authorities in Saudi Arabia and Indonesia," said Rosan.
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Along with this, Danantara Indonesia is also coordinating with the Government of the Kingdom of Saudi Arabia through the Royal Commission for Makkah City and Holy Sites (RCMC) in the bidding process which is still ongoing as part of the first phase of the long-term cooperation development.
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"As an institution that has the mandate to manage and optimize state investments, Danantara Indonesia views this initiative as part of a broader long-term approach and in line with national development priorities and Asta Cita values," added Rosan.
Meanwhile, through a gradual process that is accountable and supported by strong institutional governance, Danantara Indonesia is committed to ensuring that each stage of implementation provides sustainable and measurable public value.
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Through a gradual process that is accountable and supported by strong institutional governance, Danantara Indonesia is committed to ensuring that each stage of implementation provides sustainable and measurable public value.
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