Jakarta, Feb. 11 -- Indonesia's sovereign wealth fund, Danantara, sought a strategic partnership with the Public Investment Fund (PIF) of Saudi Arabia to enhance the quality of services for Indonesians participating in Hajj and Umrah pilgrimages.

The engagement was formalized with the signing of a memorandum of understanding (MoU) between PT Danantara Investment Management (DIM) and PIF's Rua Al Madinah Holding during the PIF Private Sector Forum 2025, held on February 9-10 in Riyadh, Saudi Arabia.

In a statement cited here on Wednesday, DIM Managing Director for Finance Djamal Attamimi said the MoU reflects Danantara's ongoing efforts to build a foundation for long-term improvements in pilgrimage services.

"Beyond a mere project, our ...