OSUS has signed a Memorandum of Understanding (MoU) with Badan Pengelola Keuangan Haji (BPKH), the authority responsible for managing and investing Hajj funds in the Republic of Indonesia, to explore investment partnership opportunities in Makkah. The signing took place within the activities of Markaz Al-Balad Al-Ameen, which brings together leaders and investors to strengthen partnerships in the Hajj and Umrah sector.
The MoU was signed under the patronage of His Excellency the Mayor of the Holy Makkah, Mr. Musaed Al-Daoud, where OSUS was represented by Mr. Ahmed Al Qahtani, Group Chief Executive Officer, while BPKH was represented by Dr. Indra Gunawan, Member of the Executive Board and Chief Investment Officer, in the presence of senior representatives from both organizations.
The MoU aims to explore investment partnership opportunities and develop investments compliant with Islamic Shariah designed to generate sustainable returns. The collaboration will focus on developing projects in Makkah, prioritizing initiatives that enhance the experience of Hajj and Umrah pilgrims and expand capacity in line with the objectives of Saudi Vision 2030, reinforcing the Kingdom’s position as an attractive investment destination.
Abdullah Al Majed, Chairman of OSUS, said:
“This MoU marks a key step in strengthening Saudi–Indonesian collaboration in the Hajj and Umrah sector. Through our partnership with BPKH, we aim to develop Islamic Shariah-compliant investment assets that contribute to attracting investments into the Kingdom, serve pilgrims, and deliver sustainable long-term value.”
Dr. Indra Gunawan, Member of the Executive Board and Chief Investment Officer at BPKH, said:
“This partnership supports BPKH’s strategy to invest prudently in Shariah-compliant Islamic products in the Kingdom, delivering competitive returns while enhancing the quality of services for Indonesian pilgrims.
This investment is in line with our new strategy which focuses on stable and sustainable investment-based framework. We look forward to a productive and long-term collaboration with OSUS.”
This MoU comes as part of OSUS’s strategy to expand its international partnerships and attract strategic investments, contributing to the development of high-quality projects that support the growth of the Hajj and Umrah sector and enhance the services provided to pilgrims.
About OSUS
OSUS is a Saudi real estate developer specializing in large-scale Real Estate Projects. The company focuses on residential, hospitality, and mixed-use developments that create long-term value and support the Kingdom’s economic growth and national priorities in line with Vision 2030.
About BPKH
Badan Pengelola Keuangan Haji (BPKH), established under the Law No. 34/2014 and Presidential Decree No. 110/2017 is the Indonesian authority mandated to manage and invest Hajj funds in accordance with Islamic Shariah principles, with the objective of safeguarding pilgrims’ funds while generating sustainable returns.
About Markaz Al-Balad Al-Ameen
Markaz Al-Balad Al-Ameen is a platform that brings together government leaders, investors, and the private sector to strengthen strategic partnerships and explore investment opportunities in key sectors, particularly those related to Hajj and Umrah. It supports international collaboration and the development of high-quality projects that enhance services provided to pilgrims, in line with Saudi Vision 2030.
