Advertisement
Indonesia’s sovereign wealth fund Danantara Indonesia has acquired a portfolio of real estate assets in Saudi Arabia from Thakher Development Company, marking another step in its overseas property investments. The assets include a hotel property along with land parcels spread across about 4.4 hectares. The transaction signals Danantara’s continued focus on international markets, particularly in the Middle East, where tourism, hospitality, and mixed-use developments have seen steady growth. Saudi Arabia’s ongoing urban and pilgrimage-led infrastructure expansion has drawn rising interest from global institutional investors in recent years.
Danantara Indonesia has confirmed the acquisition of real estate assets in Saudi Arabia from Thakher Development Company, according to a statement issued by the sovereign fund. The deal involves a combination of a hotel asset and land parcels measuring around 4.4 hectares, strengthening Danantara’s exposure to the Saudi property market. Advertisement
The transaction reflects Danantara’s broader mandate to deploy long-term capital into strategic assets overseas, including real estate linked to tourism, urban development, and economic diversification. Saudi Arabia has emerged as a key destination for such investments as the kingdom accelerates large-scale development plans under its economic transformation programme.
Thakher Development Company is known for its real estate projects in Saudi Arabia, particularly those connected to hospitality and urban infrastructure. Assets of this nature are often aligned with demand generated by religious tourism and expanding city developments, especially in key locations.
Danantara, established to manage and grow Indonesia’s state investments, has been gradually increasing its international footprint. In the past, sovereign funds from Southeast Asia have shown interest in Middle Eastern real estate due to stable long-term returns, government-backed development initiatives, and rising demand for hotels and commercial land.
While financial details of the transaction were not disclosed, the acquisition highlights continued cross-border investment flows into Saudi Arabia’s property sector, which has remained active amid ongoing reforms and infrastructure spending.
Source Reuters
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
