Published on February 11, 2026, by Metronews.com
By Eko Nordiansyah
Riyadh: Danantara Indonesia, through PT Danantara Investment Management, is exploring a strategic partnership with Rua Al Madinah Holding, a subsidiary of Saudi Arabia’s Public Investment Fund (PIF), to explore investment opportunities in the development of the Rua Al Madinah and Dar Al Hijrah projects.
The signing of the memorandum of understanding (MoU) took place during the PIF Private Sector Forum 2026 in Riyadh. For Danantara, this partnership is part of an effort to build a long-term foundation for services for Indonesian Hajj pilgrims by strengthening an integrated, sustainable, and relevant service ecosystem across generations.
Danantara Investment Management Managing Director of Finance, Djamal Attamimi, said this partnership is a strategic step to ensure that Indonesian Hajj services continue to develop to meet global standards. The collaboration with Rua Al Madinah Holding is a crucial part of building a long-term foundation for Hajj services.
“This is not just a project, but a national endeavor to ensure the quality of services for Indonesian pilgrims continues to improve, is integrated, and is sustainable across generations,” said Djamal in a written statement on Wednesday, February 11, 2026.
Djamal explained that the overall development of the Hajj Complex is directed as an integrated service ecosystem encompassing worship, healthcare, protection, and operational support, with pilgrims at the center of every planning.
“We view this development as a long-term responsibility. Danantara Indonesia is present as a catalyst, ensuring that infrastructure and services for pilgrims are managed professionally, transparently, and oriented towards sustainability,” he continued.
Expanding Investment Partnerships
Meanwhile, Rua Al Madinah Holding welcomed the collaboration with Danantara as part of its efforts to expand international investment partnerships, particularly in the development of areas that support the experience of pilgrims and visitors to Madinah.
Rua Al Madinah Holding Chairman Naif Al Hamdan stated that participation in the PIF Private Sector Forum 2026 supports the empowerment of the private sector as a key driver of comprehensive development. The signing of this MoU reflects a commitment to strengthening strategic partnerships.
“Opening investment opportunities for the domestic, regional, and global private sector, and exploring collaboration on our various development projects, while reaffirming the forum’s role as a platform for launching major national projects,” he said.
Rua Al Madinah is currently developing various comprehensive projects and investments in Medina, aimed at facilitating millions of visitors and enriching their cultural experiences, in accordance with the Pilgrims Experience Program.
For Indonesia, this collaboration also reflects the strategic role of the country with the largest number of Hajj pilgrims in the world in strengthening the quality of services and infrastructure for pilgrims in the long term. Danantara assesses this collaboration as a social and institutional investment that will support the sustainability of Indonesia’s Hajj services in the future.
“Public and pilgrim trust is the main foundation. Therefore, we direct every development to ensure better services, strong governance, and tangible benefits for Indonesian pilgrims in the long term,” said Djamal.