Jakarta, Dec. 15 -- Danantara Indonesia has announced the signing of an agreement with Thakher Development Company for the acquisition of hotel and real estate assets within the Thakher City complex in Mecca, Saudi Arabia.

Thakher City is an integrated development located roughly 2.5 kilometers from the Grand Mosque.

In a statement issued in Jakarta on Sunday, Danantara CEO Rosan Perkasa Roeslani said the transaction marks the company's first step into Mecca's hospitality sector and forms part of a phased, long-term strategy to improve services for Indonesian Hajj and Umrah pilgrims.

"Every year, more than two million Indonesians perform Umrah, while the number of Indonesian Hajj pilgrims consistently exceeds two hundred thousand," he ...