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Indonesia first foreign country to own property in Makkah’s Thakher

Asia-Pacific 1 source 1 country 🔦 Under-reported 13m ago

RIYADH: Indonesia has become the first foreign country to own property in Thakher Makkah, after the state’s wealth fund Danantara received ownership certificates for a SR2 billion ($531.4 million) acquisition. According to a press release, Thakher Development, the master developer of Thakher Makkah, handed over the paperwork, completing the purchase of the 1,461-room Novotel Thakher Makkah and 14 adjoining development plots. The sale follows the introduction of the Law of Real Estate Ownership b

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Read the full story at the source Arab News · SA ↗
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