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
