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Indonesia’s Danantara Completes SR2 Billion Purchase of Makkah Hotel and Development Plots

Thakher Development has handed property ownership certificates to Danantara Indonesia, completing the sovereign fund's SR2 billion ($533 million) purchase of the Novotel Thakher Makkah hotel and 14 development plots.
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Saudi Arabia Approves First 19 Hotel Projects Under Hospitality Investment Program, Targeting SR6.7 Billion

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FII Institute Confirms Riyadh Investment Conference Postponed to 2027

The Future Investment Initiative Institute has postponed the 10th edition of its flagship Riyadh conference to 2027, its chief executive said on Monday.
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Saudi Private Equity Firm Alt Capital to Buy Significant Minority Stake in Fuel Retailer Mazaya

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Indonesia’s Danantara Completes SR2 Billion Purchase of Makkah Hotel and Development Plots

Thakher Development has handed property ownership certificates to Danantara Indonesia, completing the sovereign fund's SR2 billion ($533 million) purchase of the Novotel Thakher Makkah hotel and 14 development plots.

More News

Indonesia’s Danantara Completes SR2 Billion Purchase of Makkah Hotel and Development Plots

Thakher Development has handed property ownership certificates to Danantara Indonesia, completing the sovereign fund's SR2 billion ($533 million) purchase of the Novotel Thakher Makkah hotel and 14 development plots.

Saudi Arabia Approves First 19 Hotel Projects Under Hospitality Investment Program, Targeting SR6.7 Billion

The first 19 projects approved under Saudi Arabia's Hospitality Investment Enablers Program are expected to unlock SR6.7 billion in investment and add more than 3,000 hotel rooms.

FII Institute Confirms Riyadh Investment Conference Postponed to 2027

The Future Investment Initiative Institute has postponed the 10th edition of its flagship Riyadh conference to 2027, its chief executive said on Monday.

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Saudi Arabia’s Scopely Acquires Pokémon Go for $3.5 Billion

Scopely, a gaming company backed by Saudi Arabia’s Public Investment Fund, has purchased Niantic’s gaming division for $3.5 billion. This deal includes the hit...

Saudi Arabia Enforces Strict Rules for Hajj Service Providers

Saudi Arabia has issued a firm warning to Hajj service providers, making it clear that maintaining high standards is essential. Authorities have emphasized that...
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