Macro Finance
Shaker: Demand in Mecca Driven by Faith not Cycles
Bloomberg Markets·October 20, 2026·1 min read
Indonesia's sovereign investment body Danantara completed a $533 million property acquisition in Mecca, with Thakher Development handing over the title. This marks the first time land at Thakher Makkah has been made available to investors from outside Saudi Arabia. Faisal Shaker, CEO of Thakher Development, discussed the deal on Bloomberg's Horizons Middle East & Africa.
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