Indonesia acquires land in Mecca to build first-ever Indonesian Hajj Village following Saudi foreign ownership reforms.

Key Details
- Indonesia bought eight plots near the Grand Mosque to develop pilgrim housing and a commercial district, under Saudi Arabia’s January 2026 law permitting full foreign property ownership.
- Project planning deadlines set for October; construction led by a Danantara-led consortium with funding from Indonesia’s government and SOEs.
- Saudi government handles resident relocations and compensation, ensuring clean land transfer; initiative aligns with Saudi Vision 2030 objectives.

Why It Matters for Gulf–ASEAN
This landmark foreign land ownership deal signals new investment avenues for ASEAN in the Gulf’s sacred real estate, enhancing bilateral cooperation and tapping into growing pilgrimage-related commerce—key for long-term trade and services integration.

What It Means for GAE Community
- Unlocks precedent for ASEAN sovereign-backed investments in Saudi Arabia’s high-value real estate sector.
- Creates opportunities for Gulf–ASEAN partnerships in religious tourism infrastructure and commercial services.
- Signals growing alignment with Saudi Vision 2030’s diversification and openness—facilitating deeper economic ties.

🔗 Source
Read the full article via The Islamic Information